This paper analyzes the impact of public investment on the dynamics of private capital formation in an intertemporal … capital good, subject to congestion. We show how in the presence of congestion the effect of government investment on private …

investment decisions via both adjustment costs and marginal profitability of capital. The authors test these hypotheses using a …

investment decisions via both adjustment costs and marginal profitability of capital. We test these hypotheses by using a large … infrastructure ; Firm's value ; Corporate investment …

We analyze within a dynamic model how firms decide on capital investment if the accompanying adjustment costs are a … and investment ratio are both constant, carry out comparative dynamic analysis and discuss the model's policy implications. …