multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We … Accounting (SA) aside and turn to Consolidation and Formulary Apportionment (C&FA) adopted either by all the jurisdictions at …

significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …

This paper studies the investment decision by a monopolistic internet service provider (ISP) in different regulatory ….s investment incentive and social welfare. Furthermore, the investment level is higher if the regulated ISP is allowed to charge … the CPs. Finally, a socially optimal investment can be opposite to the ISP's choice when the contents are enough …

to invest compared to autarky. The investment levels remain inefficient though. With generation facilities over-investment … occurs sometimes, while systematic under-investment occurs for transportation facilities. Free-riding reduces the incentives … to invest in these public-good components, while business-stealing tends to reduce the capacity for financing new …

An important strand of research in macro-finance investigates which factors impede enterprise investment, and … equilibrium model with heterogeneous firms whose capital investment decisions are distorted by red tape. We find that the …