function and underlying uncertainty. We provide analytic expressions and numerical examples for discount factors assuming … simple utility functions and gaussian uncertainty. …

technology, the other - demand uncertainty. The impact of these factors on new technology adoption is analyzed. It is shown that … depending on the situation and type of uncertainty, the diffusion uncertainty and jump uncertainty can produce opposite effects. …

the underlying uncertainty is modelled as a random walk on a lattice. The method of the paper is based on the use of the …

incorporates non-technological uncertainty. The former factor follows a process with upward jumps. The impact of these factors on …

, waiting is valuable because uncertainty is revealed over time. The fair price (or compensation) that the individual agrees to … depend on the utility function and underlying uncertainty. After the decision of exchange had been made, valuation ex post … discount factors assuming different utility functions and models of uncertainty, and demonstrate that our explanation of …

The goal of the paper is to study how a menu of options affects decisions of a rational agent facing uncertainty over …