investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax … risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

We derive a new equation for the optimal investment boundary of a general irreversible investment problem under … the Wiener-Hopf factorization allow us to derive an integral equation for the optimal investment boundary. In case the … underlying Lévy process hits any point in R with positive probability we show that the integral equation for the investment …

introduce, and study various aspects of, the notion of robust forward investment criteria; and we study the investment problem …

rate of investment. This is proven for both the standard investment model with Cobb-Douglas production and Brownian motion … options and irreversibility, however, are shown to play an important role in the short run dynamics of investment and labor … demand. Specifically, they reduce the short run response of investment and hiring to current demand shocks, and lead to a …

in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk …