for capital requirements. We then propose an extension to the existing model and also solve for optimal retention size …. This also allows us to capture feedback effects from capital requirements into the maximization problem. Preliminary …

-level limited liability, but are more exposed to the risk of capital expropriation than are branches. Thus, branch-based structures …

investment to the overall capital stock. The downward trend in the aggregate investment deflator series reported by national …This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and … measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of …

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and … capital ratios, more efficient production plans and Pareto-ranked real allocations. Perfect competition supports a second best …

capital markets to foreign investment. Third, we find that the relative factor price of labor to capital, and capital … capital intensity are less affected by windfall shocks than their peers, possibly due to a larger share of the effect being … sectors in capital intensity helps cushion the volatility of oil shocks. …

This paper looks at the joint determination of international indebtedness and capital accumulation in a two …

This note studies conditions under which sequences of capital per head generated by stochastic optimal accumulation …