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In the strategic investment under uncertainty literature the trade off between the value of waiting known from single … effect in terms of investment thresholds is detected in the sense that an exogenous demand shock results in a change of the … wedge between the investment thresholds of the first and second investors that is qualitatively different from the change of …
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Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth.By analysing a multi-sector R&D based endogenous growth model with exhaustible...
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The question of why individual investors want dividends is investigated by submitting a questionnaire to a Dutch consumer panel.The respondents indicate that they want dividends, partly because the transaction costs of cashing in dividends are lower than the transaction costs involved in selling...
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diagnosing car problems and recommending repairs, accountants recommending investment strategies, and plumbers making …
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each group the leader decides first on his or her investment in the public bad.After being informed about the leader s … decision, the four followers in each group make their investment decision.Two treatments of the leadership game are played with …
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investment subsidy can be useful in order to reduce consumption and to increase investment, growth, and welfare of the long …
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