This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … uncertainty, as firms place a greater value on the option to wait. Using simulated data we show that this more cautious behaviour … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. Analyzing data at … increase their overall investments in securities, especially in those that had a larger price drop. The quantitative effects …

productivity and human capital investments. Using light intensity as an alternative measure for economic activity confirms the …

investments. …

) investments for EMU-firms have grown 2.5% more than for non-EMU firms, after 1999; and (ii) the benefits of the euro accrue …

We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks …

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 …