capacity and lumpy investment/disinvestment. We use our model to answer two questions. First, what economic factors facilitate … investment sunkness, and high depreciation promote preemption races. We also show that low product differentiation and low … investment sunkness promote capacity coordination. Although depreciation removes capacity, it may impede capacity coordination …

performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the … discriminatory auction induces (weakly) stronger investment incentives than the uniform-price format. …

the US. Their work suggests private sector expenditure (investment) on intangibles is about 13% (11%) of US GDP 1998 …-2000, with intangible investment about equal to tangible capital investment. Our work, using a similar method, suggests the UK … private sector spent, in 2004, about £127bn on intangibles, which is about 11% of UK GDP. The implied investment figure is …

investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some …

in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven … by an increase in the profitability of investment, with outward orientation a consequence of the investment boom rather … than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of …

-ante returns on investment. …

experiences across countries. Conditioning on physical capital investment, secondary school enrolment, and a dummy for the African …