Results 11 to 20 of about 74,751 (48)
The Impact of Investment Incentives: Evidence from UK Corporation Tax Returns
American Economic Journal: Economic Policy, 2019 Using UK corporation tax returns, we provide evidence on the effects of accelerated depreciation allowances on investment, exploiting exogenous changes in the qualifying thresholds for first-year depreciation allowances (FYAs) in 2004.
G. Maffini, Jing Xing, M. Devereux
semanticscholar +1 more source
Constrained-Efficient Capital Reallocation
Social Science Research Network, 2021 We characterize efficiency in an equilibrium model of investment and capital reallocation with heterogeneous firms facing collateral constraints. The model features two types of pecuniary externalities: collateral externalities, because the resale price ...
Andrea Lanteri, A. Rampini
semanticscholar +1 more source
Tax Policy and Local Labor Market Behavior
American Economic Review: Insights, 2019 Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings.
Daniel G. Garrett +2 more
semanticscholar +1 more source
Downward Revision of Investment Decisions after Corporate Tax Hikes
Social Science Research NetworkThis paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can study how ...
S. Link +3 more
semanticscholar +1 more source
Real-Time Pricing and the Cost of Clean Power
American Economic Journal: Economic PolicySolar and wind power are now cheaper than fossil fuels but are intermittent. The extra supply-side variability implies growing benefits of using real-time retail pricing (RTP).
Imelda +2 more
semanticscholar +1 more source
Robot Arithmetic: New Technology and Wages
American Economic Review: Insights, 2019 Existing economic models show how new technology can cause large changes in relative wages and inequality. But there are also claims, based largely on verbal expositions, that new technology can harm workers on average or even all workers.
F. Caselli, A. Manning
semanticscholar +1 more source
Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism
The American Economic Review, 2018 Investors implement projects based on idiosyncratic signal observations, without knowing how signals and returns are jointly distributed. The following heuristic is studied: investors collect information on previously implemented projects with the same ...
P. Jehiel
semanticscholar +1 more source
The Market for Used Capital: Endogenous Irreversibility and Reallocation Over the Business Cycle
The American Economic Review, 2016 This paper studies the business-cycle dynamics of secondary markets for physical capital and their effects on the macroeconomy. In the data, both capital reallocation and the price of used capital are procyclical.
Andrea Lanteri
semanticscholar +1 more source
Net operating working capital and firm value: A cross-country analysis
Business Research Quarterly, 2019 Here, we use a sample of firms from 30 countries during the period 1995–2013 to examine the relationship between net operating working capital (NWC) and firm value.
Sonia Baños-Caballero +2 more
semanticscholar +1 more source
The Impact of Brexit on Foreign Investment and Production
American Economic Journal: Macroeconomics, 2017 Using simulations from a multi-country neoclassical growth model, we analyze several post-Brexit scenarios. First, the United Kingdom unilaterally imposes tighter restrictions on FDI and trade from other EU nations. Second, the European Uunion retaliates
Ellen R Mcgrattan, Andrea Waddle
semanticscholar +1 more source