capital in the decentralized market equilibrium and, thus, creates an investment multiplier. Some form of investment promotion … subsidy. -- monopolistic competition ; business formation ; investment multiplier ; under-accumulation of capital … between business formation and medium run growth. An investment externality is identified that results in underaccumulation of …

investment options. In order to capture the specific characteristics of natural gas production, most of these models apply a … logarithmic production cost function. However, no model has so far combined this cost function type with endogenous investment …, this is a serious shortcoming of the current literature. This paper provides a proof that combining endogenous investment …