impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …

We present a model of firm investment under uncertainty and partial irreversibility in which uncertainty is represented … by a jump diffusion. This allows to represent both the continuous Gaussian volatility and the discontinuous uncertainty … related to information arrival, sudden changes and large shocks. The model shows how both sources of uncertainty negatively …

Tax uncertainty is often claimed to be harmful for investments. Capital taxes, such as property and wealth taxes, are … particularly exposed to tax uncertainty. Capital tax uncertainty emerges from expected tax reforms, the unclear outcome of future … stochastic taxation contribute to overall uncertainty and may significantly affect investment decisions. Hitherto, it is unknown …

, preceding analyses of the economic and particularly investment effects are necessary. As investments drive job creation, tax … taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …-risk investments. Using either historical cost or fair value accounting may affect investment timing ambiguously. Thus, the design of …

This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …

uncertainty about commuting costs. The effect of uncertainty about the evolution of commuting costs on the optimal decision … denotes a remarkable result of this model: higher uncertainty lowers the commuting cost threshold for outmigration to the …

, preceding analyses of the economic and particularly investment effects are necessary. As investments drive job creation, tax … taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …-risk investments. Using either historical cost or fair value accounting may affect investment timing ambiguously. Thus, the design of …