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Does capital tax uncertainty delay irreversible risky investment?

Niemann, Rainer; Sureth, Caren - 2016

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 tax audits, and simplified estimates of capital...

Persistent link: https://www.econbiz.de/10011521960

Investment effects of wealth taxes under uncertainty and irreversibility

Niemann, Rainer; Sureth, Caren - 2015

The growing dissatisfaction with perceived distributional inequality and budgetary constraints gave rise to a discussion on the (re-)introduction of wealth taxes. Wealth taxes are typically levied on private wealth, in some countries also on corporate wealth. To avoid misleading statements...

Persistent link: https://www.econbiz.de/10011387385

Investment effects of wealth taxes under uncertainty and irreversibility

Niemann, Rainer; Sureth, Caren - 2015

Persistent link: https://www.econbiz.de/10011341405

Does capital tax uncertainty delay irreversible risky investment?

Niemann, Rainer; Sureth, Caren - 2016

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 un- certainty emerges from expected tax reforms, the unclear outcome of future tax audits, and simplified estimates of...

Persistent link: https://www.econbiz.de/10011516861

Does capital tax uncertainty delay irreversible risky investment?

Niemann, Rainer; Sureth, Caren - 2016

Persistent link: https://www.econbiz.de/10011557878

Business uncertainty in developing and emerging economies

Avalos, Edgar; Barrero, Jose Maria; Davies, Elwyn; … - 2024

We study business uncertainty in high- versus low-volatility environments by surveying over 31,000 managers across 41 … their mean absolute deviations. Analogously, we measure realized volatility using absolute forecast errors. We establish two … new facts. (1) Subjective uncertainty and realized volatility both decline with GDP per capita. (2) Managers underestimate …

Persistent link: https://www.econbiz.de/10015071152

Review of system dynamics models for electricity market simulations

Teufel, Felix; Miller, Michael; Genoese, Massimo; … - 2013

This paper provides a review on modeling electricity markets with System Dynamics (SD) focusing on deregulated electricity market models. First the SD method is classified within the wide field of electricity market modeling. Then all distinctive properties of the SD method in this context are...

Persistent link: https://www.econbiz.de/10011833345

A real options perspective on R&D portfolio diversification

Bekkum, Sjoerd van; Pennings, Enrico; Smit, Han T. J. - 2008

This paper shows that the presence of conditional staging in R&D (Research & Development) has a critical impact on portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option-like characteristics, correlation between projects plays a...

Persistent link: https://www.econbiz.de/10011373815

Investment reluctance in supply chains : an agent-based real options approach

Balmann, Alfons; Kataria, Karin; Mußhoff, Oliver - 2013

This paper shows how agent-based stochastic approaches can provide a complementary and more flexible approach to study investment incentives and price dynamics in a real options framework. We particularly study the case of two-stage production chains in which one sector produces an intermediate...

Persistent link: https://www.econbiz.de/10011763764

Explosive oil prices

Gronwald, Marc - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10009786017