frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …

production. Without any markets for hedging an increase in exchange rate risk lowers foreign investments and output. However …In this paper we consider a multinational firm under exchange rate risk in a multiperiod model. We analyze the impact … of exchange rate uncertainty and the use of currency futures on the risk-averse firm's decisions about home and foreign …

the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principalś choices they are … benefits from subsidizing investments in "green" capital (complementary to future savings) and tax investments in substitute …

institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the … opportunities for empirical work that have recently emerged with the growing availability of data in the field of green investments …

effect of noteworthy changes in institutional structure on investments and economic growth. The findings confirm that …

a sharp increase in the estimated exit probability just prior to exit. Hence, it is the cumulated effect of higher risk …