1 option
Wait-and-See: Investment Options under Policy Uncertainty / Nancy L. Stokey.
- Format:
- Book
- Author/Creator:
- Stokey, Nancy L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19630.
- NBER working paper series no. w19630
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Wait-and-See
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- 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.
- Notes:
- Print version record
- November 2013.
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