together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by …Contemporary political, economic and social conditions heighten the demand placed upon organizations to create strategy … designed to manage uncertainty. It is suggested that a broader analytical repertoire may support development of insight into …

This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii …) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great … Recession of 2007-2009? On the first question both macro and micro uncertainty appears to rise sharply in recessions. On the …

journal. The framework occupies the operational “middle ground” between risk analysis and formal enforcement action. At its … activities on the basis of two factors: the nature of the risk and the nature of the regulatee. Using GRID, regulators can select … framework highlighted the extent to which “low risk” and “high risk” regulation are distinct. “Low risk” means “low priority …

This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock … market to revise its valuation of those firms. A simple method is developed to decompose the uncertainty governing revisions … idiosyncratic uncertainty, but common disturbances are more important for movements in the stock market rate of return. …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … aggregates. The data show that periods of increased inflation uncertainty are associated with substantial reductions in total … models of investment under uncertainty. …

This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on … 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 …

strategy - is that it left the generous pension entitlements of civil servants intact. The year after, in 1998, Kohl lost the … households reacted to the increase in uncertainty about the future path of income that such an event produced. Our estimates are …