infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields …

investment problems have been formulated. …

prices include a risk premium, comparable to the probable changes of the spot rate between now and maturity, which can be … understood as a `Value-at-Risk' type of pricing. The instantaneous FRC however departs from a simple square-root law. The …

in capital price and levels of aggregate investment and output. I present a model economy where the industry-level policy …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …

In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …

This paper revisits the question if the user cost of capital plays an important role for investment decisions using … intervals are more reliable when model parameters approach the bounds of their support. I use aggregate investment data from six … accounts for less than 10 percent of the variance in investment under the 99- percent confidence level; this result is robust …

We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment … correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus … that of U.S. firms, and investment behavior today versus ten to twenty years ago. Although the econometric advances have …

The anemic U.S. economic recovery and the threat of a double-dip recession stem from the weakness of investment, due to ….e., the all-time-high indebtedness in the face of falling asset prices) are preventing investment from picking up and are …

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 …