competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …

investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed … both numerically for a model with a rich mix of adjustment costs, time-varying uncertainty, and aggregation over investment … investment response to demand shocks. This implies the responsiveness of firms to any given policy stimulus may be much lower in …

This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI … effects, it is at least questionable whether many of the existing visa restrictions would pass a cost-benefit test. …

employment, investment and productivity, and a moderate loss in GDP. This temporary impact of a second moment shock is different …

This paper analyses a dynamic game of investment in R&D or advertising, where current investments change future market … conditions. It investigates whether underinvestment can be supported in equilibrium by the threat of escalation in investment … investment in equilibrium. Furthermore, potential entry is introduced into the model so as to address the issues of market …