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Timing of investments, hold-up and total welfare

Smirnov, Vladimir; Wait, Andrew - 2001

Persistent link: https://www.econbiz.de/10001610535

Hold-up and sequential specific investments

Smirnov, Vladimir; Wait, Andrew - 2001

Persistent link: https://www.econbiz.de/10001610536

Timing of investments, holdup and total welfare

Smirnov, Vladimir; Wait, Andrew - In: International journal of industrial organization 22 (2004) 3, pp. 413-425

Persistent link: https://www.econbiz.de/10001957229

Wide vs. narrow tax bases under optimal investment timing : presented at CESifo Area Conference on Public Sector Economics, May 2004

Panteghini, Paolo - 2004

This article compares an ACE system with a CBIT system in an open economy. Using a realoption approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each...

Persistent link: https://www.econbiz.de/10011450221

Wide vs. narrow tax bases under optimal investment timing

Panteghini, Paolo - 2004

This article compares an ACE system with a CBIT system in an open economy. Using a real-option approach we show that, if a firm can decide when to invest, a tradeoff is found. According to traditional wisdom, a high-income firm investing in an ACE system faces a heavier tax burden at each...