Wait-and See: Investment Options under Policy Uncertainty

B-Tier
Journal: Review of Economic Dynamics
Year: 2016
Volume: 21
Pages: 246-265

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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. (Copyright: Elsevier)

Technical Details

RePEc Handle
repec:red:issued:14-113
Journal Field
Macro
Author Count
1
Added to Database
2026-01-29