issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference …

Uncertainty represented by volatilities in equity markets has been observed to be time-variable and lead output … fluctuations. In the rational expectation framework, uncertainty with this nature needs exogenous variables with time … that supervisions and law enforcement that reduce cheatings in contracts is one of the ultimate sources of uncertainty. The …

. 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 …

This paper re-examines the effects of inflation and exchange rate uncertainty on real economic activity. The existent … literature has treated both issues as separate subject matters. It has emphasized either the issue of inflation uncertainty or … exchange rate uncertainty on economic growth or on different measures of economic activity. This paper attempts dealing with …

We give the reader a tour of good energy optimization models that explicitly deal with uncertainty. The uncertainty …

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. …