Crunch time: the optimal policy to avoid the "Announcement Effect" when terminating a subsidy

Gürtler, Marc; Sieg, Gernot

[working paper]

dc.contributor.author	Gürtler, Marc	de
dc.contributor.author	Sieg, Gernot	de
dc.date.accessioned	2012-05-29T14:02:00Z	de
dc.date.accessioned	2012-12-04T15:42:57Z
dc.date.available	2012-12-04T15:42:57Z
dc.date.issued	2006	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/32312
dc.description.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 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]	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	irreversibility; investments; announcement effect; subsidies
dc.title	Crunch time: the optimal policy to avoid the "Announcement Effect" when terminating a subsidy	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.identifier.url	http://www.fiwi.tu-bs.de/fileadmin/files/forschung/working_papers/FW24.pdf	de
dc.source.volume	FW24V2	de
dc.publisher.country	DEU
dc.publisher.city	Braunschweig	de
dc.source.series	IF Working Paper Series
dc.subject.classoz	Finanzwirtschaft, Rechnungswesen	de
dc.subject.classoz	Financial Planning, Accountancy	en
dc.subject.classoz	Wirtschaftspolitik	de
dc.subject.classoz	Economic Policy	en
dc.date.modified	2012-05-29T14:02:00Z	de
dc.rights.licence	Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung	de
dc.rights.licence	Deposit Licence - No Redistribution, No Modifications	en
ssoar.greylit	true	de
ssoar.contributor.institution	USB Köln	de
internal.status	formal und inhaltlich fertig erschlossen	de
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.rights.copyright	f	de
dc.source.pageinfo	10	de
internal.identifier.classoz	1090406
internal.identifier.classoz	1090302
internal.identifier.document	3
dc.contributor.corporateeditor	Technische Universität Braunschweig, Department Wirtschaftswissenschaften, Institut für Finanzwirtschaft
internal.identifier.corporateeditor	434
internal.identifier.ddc	330
dc.description.pubstatus	Unknown	en
dc.description.pubstatus	unbekannt	de
internal.identifier.licence	3
internal.identifier.pubstatus	4
internal.identifier.review	2
internal.identifier.series	675
dc.identifier.handle	https://hdl.handle.net/10419/55256
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Wirtschaftspolitik
Economic Policy
Finanzwirtschaft, Rechnungswesen
Financial Planning, Accountancy

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