orders have a relatively long lead time; on the other hand there are urgent orders mostly related to spare parts when a … commensurate with the operational flexibility of the firm. …

models to prove the optimality of a myopic behavior. Using the geometric Brownian motion as uncertainty driver we propose two …

depends on the first exit time from the continuation region which is stochastic. This is a quite intuitive effect of the …

includes a stochastic definition of the climate sensitivity parameter. We show that the impact of uncertainty on policy design … critically depends on the shape of the damage function. We also examine the benefits of cooperation in the context of uncertainty …

This paper examines the impact that uncertainty over economic growth may have on global energy transition and CO2 …

Redistributive taxation under uncertainty has two functions: not only the redistribution of income across individuals … redistributive policy is dependent not only on the relative size of the economies but also on the timing of the migration process … complete knowledge of incomes. If uncertainty is only solved after mobility has occurred, then it is possible to have …