This paper examines how time to build alters strategic investment behaviour under oligopoly. Facing demand uncertainty, firms decide whether to invest early or wait until
uncertainty has been resolved. A game that captures ...
Whelan, Karl(Blackwell Publishing on behalf of the Ohio State University, 2003-08)
The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, in which technological progress in the production of durable goods exceeds that in the ...
This paper is concerned with the impact of unions on the investment rate in British industry. On the basis of an analysis of some 72 industries in the manufacturing sector, we find that, ceteris paribus, firms that recognize ...