Access to finance and the financing terms are important for firms' in-vestments and thus the business cycle developments. Danish non-financial corporations to a large extent finance their non-financial investments internally e.g. via retained earnings. During a business cycle expansion the...

English abstract: Allocation models distribute resources from an overarching level of control to decentralized service provider units using mathematical formulas. Performance based allocation models are characterized by involving incentives for effect. This article discusses how the production...