not rely on the “smooth-pasting condition.” An application to MacDonald and Siegel’s canonical investment problem (1986 …) shows that the standard investment threshold over-estimates the optimal threshold when the lower barrier is absorbing and …

) adjustment and validate the use of a discrete choice modelling thereafter. Investment process occurs more smoothly than … anticipate the investment spikes by hiring one year in advance in addition to the simultaneous hiring. These firms possess a … investment decisions and hiring (expansion) strategies on a longer time period. Likewise, it may indicate that they possess …

Investment and quality decisions in common-pool networks are typically governed by rules set by a centralized agency …

procedures, to varying degrees, ignore that (i) gross fixed capital formation does not equal investment, (ii) investment does not … equal the value of fixed assets newly created through investment, (iii) depreciation is an accounting measure that bears no …

trends in output, consumption and investment) to provide new evidence on this question(using subsaharan africa as a case …

Social learning models of investment provide an interesting alternative explanation for sudden changes in investment … the investment suspension decisions of other agents. In this paper, I test the main predictions of their model using a … unique database of investment projects undertaken by semiconductor plants. I find that firms that are installing a …

consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of …

The investment acceleration principle is a heuristic for modeling investment time series out of consumption time series …

causal relationship among sales and cash flow on the one hand and investment and R&D on the other, using three large panels … investment and R&D are more highly sensitive to cash flow and sales in the United States than in France and Japan. Corresponding …, both investment and R&D predict both cash flow and sales positively in the United States, while the impact is somewhat more …