Arbeitspapier

Endogenous Timing and the Taxation of Discrete Investment Choices

This article discusses the effects of taxation on the discrete choice of alternative projects. In particular, it is shown that if taxation affects the optimal timing of irreversible investment, then the discrete choice is distorted as well. This result has both methodological and political implications.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 723

Classification
Wirtschaft
Business Taxes and Subsidies including sales and value-added (VAT)
Fiscal Policies and Behavior of Economic Agents: Firm
Subject
effective average tax rate
timing and real options

Event
Geistige Schöpfung
(who)
Panteghini, Paolo
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2002

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Panteghini, Paolo
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2002

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