We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …

ante identical firms may follow different growth paths in which workers work for a lower entry-wage in firms expected to …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … find that technical progress, which increases the impact of investment on cost reduction, decreases the level of … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

A detailed treatment of aggregation and capital heterogeneity substantially improves the performance of the investment … capital. The model fits well the value, momentum, investment, and profitability premiums simultaneously and partially explains … premiums, as well as the countercyclical and long-term dynamics of the value and investment premiums. However, the model falls …

This paper presents a model of investment in a duopoly with firms that choose the scale and timing of investment … invests. In intermediate cases, the incumbent is able to deter entry by making a smaller, earlier investment than the … potential entrant. The smaller investment scale protects the incumbent's assets-in-place, which offsets the incumbent's cost …

factor, and external investment adjustment costs. First-order conditions of the model are estimated by the generalized method …