UP - logo
E-viri
Celotno besedilo
Recenzirano
  • Wait-and-see: Investment op...
    Stokey, Nancy L.

    Review of economic dynamics, 07/2016, Letnik: 21
    Journal Article

    This paper develops a model of investment decisions in which uncertainty about a one-time change in tax policy induces the firm to temporarily stop investing—to adopt a wait-and-see policy. After the uncertainty is resolved, the firm exploits the tabled projects, generating a temporary investment boom.