This paper develops an agent-based real options model, which is capable of analyzing the investment and disinvestment … the model in which the firms can trade permits with each other according to their investment or disinvestment behavior for …

This paper analyses how corporate taxes can affect investment and productivity. To address this question the paper uses … tax rates to investment into the analysis of the impact of taxation on total factor productivity. Investment and … productivity are shown to respond negatively to an increase in the corporate tax rate. These effects are stronger in bigger firms …

equilibrium model, we find that a firm increases investment in response to external product market threats. Further, the paper … analyzes whether product market threats lead to an improvement in investment efficiency. When faced with product market … competition, we find that firms that are otherwise likely to underinvest (overinvest) increase (increase) their investment …

We investigate the roles played by unexpected demand shocks, besides productivity, on firms' capital investment and … productivity and demand shocks are both significant factors determining firm behavior, the former is more dominant for investment … productivity, are important factors when analyzing capital investment and firm exit decisions …