's incentives to tell the truth depend on the interaction between her investment horizon and the information acquisition decisions … of message-receiving investors. The model's key prediction is that short investment horizons can facilitate credible …

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the … short and long-term effects on investment in machinery and equipment. While the user cost of capital declines 0.9 percent …