Arbeitspapier
Crunch time: The optimal policy to avoid the "Announcement Effect" when terminating a subsidy
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.
- Sprache
-
Deutsch
- Erschienen in
-
Series: Working Paper Series ; No. FW24V2
- Klassifikation
-
Wirtschaft
Consumer Economics: Theory
- Thema
-
Irreversibility
Investments
Announcement effect
subsidies
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gürtler, Marc
Sieg, Gernot
- Ereignis
-
Veröffentlichung
- (wer)
-
Technische Universität Braunschweig, Institut für Finanzwirtschaft
- (wo)
-
Braunschweig
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:20 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gürtler, Marc
- Sieg, Gernot
- Technische Universität Braunschweig, Institut für Finanzwirtschaft
Entstanden
- 2006
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