The formation of new firms is an important determinant of economic development and the industrial organization … literature highlights agglomeration as one of the main factors affecting the formation and scale of operations of new firms. This … firms that choose to locate in a specific region within a specific industry) and urbanization (the benefits accruing to …

In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most …

frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …

. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …Some path-breaking work on mergers takes efficiency gains for granted, or assumes that firms have perfect knowledge … when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …

An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …

that the social cost of carbon, corrected for uncertainty and inequity, is 61 US dollar per metric tonne of carbon. …

The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …, however the investment function is characterized by an upper bound that depends on the firm´s borrowing capabilities. The firm´s …

This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both …