taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …-induced changes in investment timing may significantly affect the income and wealth distribution. We analyze the impact of wealth …-risk investments. Using either historical cost or fair value accounting may affect investment timing ambiguously. Thus, the design of …

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …-induced changes in investment timing may significantly affect the income and wealth distribution. We analyze the impact of wealth …-risk investments. Using either historical cost or fair value accounting may affect investment timing ambiguously. Thus, the design of …

how capital tax uncertainty affects investment timing. However, it is well known that both uncertainty and capital tax may …Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are … particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future …

impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms …

We present a model of firm investment under uncertainty and partial irreversibility in which uncertainty is represented … by a jump diffusion. This allows to represent both the continuous Gaussian volatility and the discontinuous uncertainty … related to information arrival, sudden changes and large shocks. The model shows how both sources of uncertainty negatively …