A contingent claims analysis of optimal investment subsidy

DOI10.1016/j.jedc.2016.10.004zbMath1401.91388OpenAlexW2532857506MaRDI QIDQ1656466

Vivekanand Nawosah, Pei Yang, Norvald Instefjord

Publication date: 10 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://repository.essex.ac.uk/17865/1/1-s2.0-S0165188916301610-main.pdf

zbMATH Keywords

free ridinginvestment subsidyfirst-mover advantagespreemption risksubsidy tax

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Welfare economics (91B15)

Cites Work

• How to maximize domestic benefits from foreign investments: the effect of irreversibility and uncertainty
• Real options and preemption under incomplete information

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