The existing literature on dynamic efficiency is deterministic and ignores uncertainty when deriving dynamic efficiency … measures, even though it is known that uncertainty affects the optimal adjustment path and the optimal use of quasi … optimal investment under uncertainty jointly into consideration. We apply this model to German farm-level panel data to …

. We then contrast this optimal path to that obtained when the uncertainty is not ignored, thereby demonstrating signicance … of factoring uncertainty in the optimization stage. …

feedstocks, under the condition of limited resources and uncertainty resulting from incomplete information or missing knowledge …

pollution. Public uncertainty about key economic parameters are considered. Results indicate that policy choice is sensitive to …

This paper examines the effects of price uncertainty on agricultural productivity. Appelbaum(1991) provided an … empirical framework to analyze the effects of uncertainty on firm behavior. We apply the model to the U.S. agricultural sector …, using a parametric rather than a nonparametric approach to obtain the measurement of price uncertainty and risk. Keywords …

abatement investment and taxes when the cost of the environmental regulation varies spatially under uncertainty. It contributes … environmental regulation uncertainty. An increase in the cost of the environmental regulation moves a risk-averse firm closer to the …. Uncertainty about environmental regulations in the form of the abatement investment and taxes also leads a risk-averse firm to …