We deal with the problem of outsourcing the debt for a big investment, according two situations: either the firm outsources both the investment (and the associated debt) and the exploitation to a private consortium, or the firm supports the debt and the investment but outsources the exploitation. We prove the existence of Stackelberg and Nash equilibria between the firm and the private consorti...

The federal government buys many goods and services that are expected to increase private-sector productivity—that is, the ability of the private-sector workforce, using the stock of capital, to produce goods and services. Such purchases by the federal government are called investment. In an earlier report, the Congressional Budget Office examined various aspects of federal investment itself, s...

In this paper we propose a three–level computational equilibrium model that allows to analyze the impact of the regulatory environment on transmission line expansion (by the regulator) and investment in generation capacity (by private firms) in liberalized electricity markets. The basic model analyzes investment decisions of the transmission operator (TO) and private firms in expectation of an ...

We present four stylized facts about the Dot Com Era: (1) there was a widespread belief in a Get Big Fast business strategy; (2) the increase and decrease in public and private equity investment was most prominent in the internet and information technology sectors; (3) the survival rate of dot com rms is on par or higher than other emerging industries; and (4) rm survival is independent of priv...

— World Bank conditional loans might affect private investment in recipient countries not only through the funds they provide, but also via the policy conditions they include and the transfer of knowledge they imply. This work investigates the impact of these channels on private investment, considering also the particular effect of the formal commitment to reform, which necessarily comes along ...

• Since Wilkie’s result [9] (which established that the elementary theory Texp of (R, exp) is model complete and o-minimal), many o-minimal expansions of the reals have been investigated. The problem of constructing nonarchimedean models of Texp (and more generally, of an ominimal expansion of the reals) gained much interest. • In [2] it was shown that fields of generalized power series cannot ...

www.ethnobotanyjournal.org/vol3/i1547-3465-03-201.pdf Ethnobotany Research & Applications 3:201-207 (2005) Victoria Reyes-García, ICREA-Institut de Ciència i Tecnologia Ambiental, Universitat Autónoma de Barcelona, 08193 Bellatera, Barcelona, SPAIN. [email protected] Victoria Reyes-Garcia, Vincent Vadez & Tomás Huanca, Sustainable International Development Program, Heller School for Social Po...

The usual focus in authorship studies is on authorship attribution, i.e. determining which author (of a given set) wrote a piece of unknown provenance. The usual setting involves a small number of candidate authors, which means that the focus quickly revolves around a search for features that discriminate among the candidates. Whether the features that serve to discriminate among the authors ar...

This paper examines the combined effect of asymmetric information and private entrepreneurial risk aversion on investment decisions. The standard optimal debt contract becomes modified by the introduction of insurance and a risk premium that entrepreneurs demand due to the uncertainty of their investment returns: the private equity premium. In general equilibrium, the private equity premium may...