I study irreversible investment decisions when projects take time to complete, and are subject to two types of … uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort …, and materials that will ultimately be required to complete the project, and that is only resolved as the investment …

investment to the pre-buying of imports, implying that financial considerations determine the frequency of pricing to market, and … the deviations from relative PPP. If the expected discounted cost of last minute delivery is higher than pre-buying, one … them from the adverse purchasing power consequences of weak terms of trade. Higher financing costs increase the cost of pre …

use of the negligence rule is triggered by harm, the rule enjoys an intrinsic enforcement cost advantage over regulation …

economic models -- 4. Investment : liquid real capital versus liquid assets -- 5. Why liquidity preference? -- 6. Financial … markets, liquidity and fast exits -- 7. Planned investment, planned savings, liquidity and economic growth -- 8. Complicating …

Over the past decade, a number of researchers have extended conventional models of business fixed investment to … incorporate a role for financial constraints' in determining investment. This paper reviews developments and challenges in this … challenges. First, I describe analytical underpinnings of models of capital-market imperfections in the investment process, and …

cost was 3 percentage points less than that for corporate capital) and the manner in which inflation magnifies it (the …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

liberalized environment / François Boldron ... [et al.] -- 6. Postal costing beyond ABC : estimating the economic cost of mails … George Houpis -- 8. Calculating the cost of the universal service obligation : the need for a global approach. / Christian … Jaag, Martin Koller and Urs Trinkner -- 9. Cost analysis and pricing of innovative postal products / Louis F. O'Brien, Leon …