The role that Bernanke’s Bad News Principle plays in the modern theory of investment under uncertainty is analyzed. The …

From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this … technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the … identification of the viable firms. This uncertainty decreases with the time and the diffusion of fundamentalist information that …

The effect that investment lags has on the uncertainty-investment relationship is studied by modifying the Bar-Ilan and … small, uncertainty affects investment negatively; (ii) A sufficiently large time lag engenders an inverse u …-shape relationship between the degree of uncertainty and the profit level that triggers investment; (iii) When such an inverse u- shape …

. 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 …

backgrounds of the experiments and their impact on the development of consumption theory are also investigated. Among other things …

In 1913, the Cambridge logician W.E. Johnson published a famous article on demand theory in the Economic Journal …

This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play … the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of …