measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting …-based questionnaire before the experiment and participants’ preferences for resolution timing, risk, and time were incentive compatibly …

consistent with the theoretical results: in the experiment, investment levels with and without legal protection are comparable …Understanding the impact of legal protection on investment is of major importance. This paper provides a framework for … addressing this issue, and shows that investment may actually be higher in the absence of legal protection. Focusing on the …

This Paper studies the criteria with which the presence or absence of ‘subsidy’ in sales contingent Launch Aid R … incompleteness where the interval between bid and ask prices may not be finessed away. An economic definition of subsidy must … complete and incomplete market settings. With this in hand we then revisit some commonly posed questions concerning the subsidy …

, and progressive taxation, as well as investment and output subsidies to the entrepreneurial sector. …

rate and an adjusted statutory tax rate, where the weights depend on the profitability of the investment. Estimates of the … distribution of this measure are presented and compared for domestic and international investment in the USA, France, Germany, and …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason …: (i) R&D subsidies not only encourage innovation but also relax finance constraints and help innovative firms to exploit … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion …

’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …

,300 suggesting that in some respects investment subsidies can be cost effective. … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …