taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …-induced changes in investment timing may significantly affect the income and wealth distribution. We analyze the impact of wealth …-risk investments. Using either historical cost or fair value accounting may affect investment timing ambiguously. Thus, the design of …

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

uncertainty over this migration upper bound may improve the government's control on migration inflows (quotas). This could explain …

, to value the flexibility time to realize the development phase, we consider the American-Exchange type options …The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV … (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However …

reductions in the next few years. The central twist of this paper is the addition of this limited time to act into a non …-perpetual real options framework analyzing optimal climate policy under uncertainty. The window-of-opportunity modelling setup shows … that the limited time to act may spark a trend reversal in the direction of low-carbon alternatives. However, the …

As the time of leaving school determines the level of academic achievement this timing decision is central for the … under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full …

The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose … introduction of productivity growth increases the likeliness of first time market entry through FDI. If the firm is confronted with … uncertain productivity growth, market entry through FDI increases even further. Uncertainty is identified as a compounding force …