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Crunch time: the optimal policy to avoid the "Announcement Effect" when terminating a subsidy
[Arbeitspapier]
Körperschaftlicher Herausgeber
Technische Universität Braunschweig, Department Wirtschaftswissenschaften, Institut für Finanzwirtschaft
Abstract "We are considering for examination an Irreversible Investment under Uncertainty, subsidized
by the government. If the government announces the termination of a form of subsidization,
investors may decide to realize their investment in order to obtain the subsidy. These investors might
have postp... mehr
"We are considering for examination an Irreversible Investment under Uncertainty, subsidized
by the government. If the government announces the termination of a form of subsidization,
investors may decide to realize their investment in order to obtain the subsidy. These investors might
have postponed an investment if future payment were assured. Depending on the degree of uncertainty
and the time preference, the termination of said subsidy may cost the government more in toto
than granting the subsidy on a continuing basis. We would like to show that a better strategy is to cut
the subsidy in parts rather than terminate the subsidy in its entirety." [author's abstract]... weniger
Klassifikation
Finanzwirtschaft, Rechnungswesen
Wirtschaftspolitik
Freie Schlagwörter
irreversibility; investments; announcement effect; subsidies
Sprache Dokument
Englisch
Publikationsjahr
2006
Erscheinungsort
Braunschweig
Seitenangabe
10 S.
Schriftenreihe
IF Working Paper Series, FW24V2
Handle
https://hdl.handle.net/10419/55256
Status
begutachtet
Lizenz
Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung
DatenlieferantDieser Metadatensatz wurde vom Sondersammelgebiet Sozialwissenschaften (USB Köln) erstellt.