In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the … uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … decision to engage in ex ante and ex post licensing is formulated with regard to uncertainty in R&D. While ex ante licensing …

-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature … focusing on the macroeconomic effects of uncertainty spillovers and global uncertainty. The last part proposes a novel measure … of global financial uncertainty and shows that its unexpected variations are associated to statistically and economically …

differences in risk premia. We deduct testable hypotheses on the basis of which we empirically analyze the impact of uncertainty …We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R …&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is …

Innovation is an inherently uncertain process. Success is typically coupled with risk and we can only hope that those … with great ideas will persevere. To encourage innovation, society reduces some of the innovation risk through structures … like funding systems, regulation, and of course intellectual property rights. But what happens when uncertainty strikes the …

This paper provides new indices of global macroeconomic uncertainty and investigates the cross-country transmission of … uncertainty using a global vector autoregressive (GVAR) model. The indices measure the dispersion of forecasts that results from … parameter uncertainty in the GVAR. Relying on the error correction representation of the model, we distinguish between measures …

We propose an approach for jointly measuring global macroeconomic uncertainty and bilateral spillovers of uncertainty … to summarize a variety of uncertainty measures, such as financial-market volatility, economic-policy uncertainty, survey …-forecast-based measures and econometric measures of macroeconomic uncertainty, showing major peaks during both the global financial crisis and …

How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry … experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and … expected market size. Results show that people's reactions to demand risk depend on the market size: in small markets people …

. Policymakers have private costs of active policies and compete internationally in a yardstick competition which gives rise to a … choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion. …