I explore how and and to what extent policy uncertainty can account for the observed long-run cross-country differences …-related investment cost is uncertain. Holding the average one-period investment cost constant, policy uncertainty leads to a higher … capital price and subsequently to lower levels of long-run aggregate investment and output. Policy uncertainty also makes …

of sustainability while establishing a consistent system of units for both the solar flux and economic transformation … processes. Conditions for a virtuous cycle dynamic in relation to sustainability is expressed, adhering to non …

uncertainty about the number of surviving children. If the marginal utility of a surviving child is convex then there will be a … precautionary demand for children. As the mortality rate and thus uncertainty falls, this demand decreases. Furthermore, lower … o is realized only if uncertainty is incorporated into individual’s optimization problem. …

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is …