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The influence of capital gains taxes on investment decisions is a central issue of accounting and public finance research. However, the implications of capital gains taxes on investors' willingness to invest in irreversible projects with entry and exit flexibility have not yet been a focal...
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Applying a time-discrete investment model and a setting with an entry and an exit option and cash flow uncertainty we …
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-expected utility theory. Our framework allows us to study irreversible investment projects whose value has a time-variable volatility …
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investments compensate phased-out generation capacity over time and that the share of renewables in the future generation …
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