Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75985
Authors: 
Panteghini, Paolo
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper 723
Abstract: 
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.
Subjects: 
effective average tax rate
timing and real options
JEL: 
H25
H32
Document Type: 
Working Paper

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