Human choice is not free-we are bounded by a multitude of biological constraints. Yet, within the various landscapes we face, we do express choice, preference, and varying degrees of so-called willful behavior. Moreover, it appears that the capacity for choice in humans is variable. Empirical studies aimed at investigating the experience of "free will" will benefit from theoretical disciplines ...

We develop a real options model that examines the effect of government’s subsidies and taxation policy on timing size investments. find higher depreciation rate or subsidy, lower tax rate, accelerates The investment depends whether subsidy is fixed variable: induces smaller investments, whereas variable encourages larger rates do not affect investment. For revenue-neutral incentive packages, ch...