. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

shown that if taxation affects the optimal timing of irreversible investment, then the discrete choice is distorted as well …

behavior which abstracts from agency problems. As emphasized by the corporate governance literature, corporate investment … and analyze the crucial issue in corporate taxation of whether the normal return on investment should be exempted from … system exempts the normal return on investment from taxation. The optimal system may well use the full return on investment …

as intergenerational redistribution. The quantitative analysis is based on a dynamic simulation model of the Auerbach …

This article discusses the effects of an asymmetric tax scheme on incremental and sequential investment strategies. The …

deductions have a large impact on the effective tax rates for marginal and inframarginal investment projects. We conclude that …

can be measured. The focus is on measures derived from economic theory. Two measures are derived effective marginal and … average tax rates which reflect different forms of investment decisions. A number of extensions to the basic model are …