Showing 1 - 10 of 12
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk in the neighborhood of a risk-free world is...
Persistent link: https://www.econbiz.de/10011183755
that the firm may start the regulatory process earlier if regulatory approval is valid long enough or if uncertainty is …
Persistent link: https://www.econbiz.de/10005169015
of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …
Persistent link: https://www.econbiz.de/10004988529
Uncertainties as to future supply costs of nonrenewable natural resources, such as oil and gas, raise the issue of the choice of supply sources. In a perfectly deterministic world, an efficient use of multiple sources of supply requires that any given market exhausts the supply it can draw from...
Persistent link: https://www.econbiz.de/10005100519
Criteria for initiation of highly active antiretroviral treatments (HAART) in HIV-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...
Persistent link: https://www.econbiz.de/10005100610
phenomenon. Uncertainty, in the form of an increase in the spread of agents' types, tends to reduce investment despite symmetric …
Persistent link: https://www.econbiz.de/10005100822
This paper statistically tests the option theory of irreversible investment under uncertainty. Using contingent claims …
Persistent link: https://www.econbiz.de/10005100855
Oil companies often announce revised estimates of their reserves. This indicates that stock uncertainty is a prevalent …
Persistent link: https://www.econbiz.de/10005100899
Criteria for initiation of highly active antiretroviral treatments (HAART) in HIV-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...
Persistent link: https://www.econbiz.de/10005100920
What is a rational decision-maker supposed to do when facing an unfamiliar problem, where there is uncertainty but no … different predictions about trading behavior in a simple asset market under uncertainty. A controlled laboratory experiment …
Persistent link: https://www.econbiz.de/10005100945