Suchergebnisse
Filter
Format
Medientyp
Sprache
Weitere Sprachen
Jahre
5848 Ergebnisse
Sortierung:
Intermediation and investment incentives
In: Discussion paper series 6214
In: Industrial organization
Slovakia - Investment incentive battle
In: Crossborder monitor: weekly briefing service for international executives, Band 13, Heft 26, S. 10
Liberia Investment Incentive Code
In: International legal materials: ILM, Band 5, Heft 4, S. 607-614
ISSN: 1930-6571
Investment incentives in transition economies
In: Working papers 5,48
World Affairs Online
SSRN
World Affairs Online
Net neutrality and investment incentives
In: CESifo working paper series 2390
In: Industrial organisation
This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs), and their implications for social welfare. We show that the ISP's decision on the introduction of discrimination across content depends on a potential trade-off between network access fee and the revenue from the trade of the first-priority. Concerning the ISP's investment incentives, we find that capacity expansion affects the sale price of the priority right under the discriminatory regime. Because the relative merit of the first priority, and thus its value, becomes relatively small for higher capacity levels, the ISP's incentive to invest on capacity under a discriminatory network can be smaller than that under a neutral regime where such rent extraction effects do not exist. Contrary to ISPs' claims that net neutrality regulations would have a chilling effect on their incentive to invest, we cannot dismiss the possibility of the opposite.
CONVERTIBLE DEBT AND INVESTMENT INCENTIVES
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 17, Heft 1, S. 15-29
ISSN: 1475-6803
AbstractIn this paper we examine the effect of convertible debt on the investment incentives facing stockholders. The effect depends critically on the value of existing assets relative to the firm's investment requirements. With a restrictive dividend covenant, convertible debt mitigates the overinvestment incentive associated with risky debt but exacerbates the underinvestment incentive at higher values of existing assets. A less‐restrictive dividend covenant exacerbates overinvestment under straight debt financing but reduces the underinvestment incentive induced by the conversion feature. In this context, a convertible debt contract with a less‐restrictive dividend covenant maximizes firm value.
State investment incentives in the USA
In: EIU, the Economist Intelligence Unit, Special Report 187
Net Neutrality and Investment Incentives
In: RAND Journal of Economics, Band 41, Heft 3
SSRN
Net Neutrality and Investment Incentives
In: CESifo Working Paper Series No. 2390
SSRN
Investment Incentives in Labor Market Matching
In: American economic review, Band 104, Heft 5, S. 436-441
ISSN: 1944-7981
We provide an illustration of how the design of labor market clearing mechanisms can affect incentives for human capital acquisition. Specifically, we extend the labor market matching model (with discrete transfers) of Kelso and Crawford (1982) to incorporate the possibility that agents may invest in human capital before matching. We show that in this setting, the worker-optimal stable matching mechanism incentivizes workers to make (nearly) efficient human capital investments. En route to our main result, we show that so long as the space of salaries is sufficiently rich, every stable outcome in the Kelso and Crawford (1982) setting is approximately efficient.