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The Purpose of This Article Is to Show How Costs and Benefits of Geographical Decentralization of R&D Can Be Identified and Compared. the Benefits for the Region That Receives R&D Activities Are Studied in Section 1. They Stem From the Short-Run Multiplier Effect, the Amelioration of Human...
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generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …
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A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It …
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We Show That a Box-Cox Transformation on the Dependent Variable of Linear Regression Models Is Invariant to Power Transformations of That Variable Even Without the Presence of a Regression Constant And, Consequently, Can Sometimes Be Interpreted As a Simple Power Transformation the Estimation of...
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'A New Idea Does Not Come Forth in Its Mature Scientific Form. It Contains Logical Ambiguities Or Errors; the Evidence on Which It Rests Is Incomplete Or Indecisive; and Its Domain of Application Is Exaggerated in Certain Directions and Overlooked in Others', Wrote Stigler (1965, P.14) in One of...
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In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business … in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk … optimal capacity. Our results are compared with those in the two literatures on price uncertainty and demand uncertainty, and …
Persistent link: https://www.econbiz.de/10005133187