uncertain fuel market returns. Without uncertainty, the unilateral investment tax is welfare-neutral: costless but ineffective … divestment. With uncertainty, the regional investment choice affects global fuel usage, and correspondingly the optimal regional … fuel policy contains a investment tax in addition to taxes on deposit supply and consumption. Even absent terms …

can be measured. The focus is on measures derived from economic theory. Two measures are derived effective marginal and … average tax rates which reflect different forms of investment decisions. A number of extensions to the basic model are …

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

I study how different types of subsidization affect investment decisions in a laboratory experiment. Even though the … investment alternatives get subsidized with tax credits the willingness to invest in the subsidized alternative increases …