neither total secrecy nor total disclosure prevails. The demand for partial secrecy is analysed with the help of two models …

links the cash flow multiplier to the optimal investment policy. Our model implies that the multiplier increases with … investment at a decreasing rate. On the other hand, the multiplier is inversely related to discount rates. Using an extensive …

policy on the aggregate action, and it would like to know the corresponding economic multiplier, that is, the change in the … positive shock, the change in the aggregate action and the corresponding economic multiplier can both widely differ. In this …

is subject to multiplier effects. We build upon the static case, where all agents receive a private signal about an … in the second period and learn about the public signal through a multiplier signal. We show that in the unique … information is thus considerably lower than the static case suggests. Multiplier effects might decrease overall welfare if …

investment behavior. The bilateral external benefits induce an investment multiplier effect. This multiplier effect depends in a … characterize how the multiplier effect hinges on market size, and how it interacts with other important factors such as the costs …