inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation …

-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show … provided uncertainty and foreign direct investment costs are low. …

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … uncertainty, as firms place a greater value on the option to wait. Using simulated data we show that this more cautious behaviour … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

start from the premise that adaptation to uncertainty cannot be contracted upon in the worker - employer relationship … volatility of firm sales and employment; it does not, however, amplify aggregate uncertainty. This theory is therefore a good … candidate in explaining the rise in firm level uncertainty witnessed in the US over the past 30 years. It also provides valuable …

Central and Eastern Europe. The theoretical section establishes a link between a risk-averse investor’s amount of information … faces less risk; therefore, the investor’s risk premium falls and the investor’s bid rises. This link generates four …

Firms in many developing countries cite macroeconomic instability and political uncertainty as major constraints to … their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. We … macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood … include: (i) An unanticipated increase in bailout uncertainty raises interest rates, the volume of defaults in both the real …