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Entrepreneurship, economic risks, and risk insurance in the welfare state : results with OECD data 1978-93
Ilmakunnas, Pekka; Kanniainen, Vesa - 2000
shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …
Persistent link: https://www.econbiz.de/10009781637
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Tax rate uncertainty and investment behavior
Niemann, Rainer - 2001
This paper deals with the effects of tax rate uncertainty on risk-neutral and risk-averse investment behavior. We analyze effects of stochastic tax rates on both real and financial investment. It emerges that under risk neutrality as well as under risk aversion, increased tax rate uncertainty...
Persistent link: https://www.econbiz.de/10011399893
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Uncertainty and the employment dynamics of small and large businesses
Ghosal, Vivek; Ye, Yang - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...
Persistent link: https://www.econbiz.de/10010428770
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Global warming and extreme events : rethinking the timing and intensity of environmental policy
Chen, Yu-Fu; Funke, Michael - 2010
The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...
Persistent link: https://www.econbiz.de/10003994530
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An equilibrium model of habitat conservation under uncertainty and irreversibility
Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2010
In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion under competition on the market for agricultural products when...
Persistent link: https://www.econbiz.de/10008780408
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The impact of tax uncertainty on irreversible investment
Niemann, Rainer (contributor) - 2007
Persistent link: https://www.econbiz.de/10003597980
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Working time and employment under uncertainty
Chen, Yu-Fu; Funke, Michael - 2002
The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of...
Persistent link: https://www.econbiz.de/10011409991
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Business uncertainty in developing and emerging economies
Avalos, Edgar; Barrero, Jose Maria; Davies, Elwyn; … - 2024
We study business uncertainty in high- versus low-volatility environments by surveying over 31,000 managers across 41 countries. We elicit subjective probability distributions for future own-firm sales and measure firm-level uncertainty with their mean absolute deviations. Analogously, we...
Persistent link: https://www.econbiz.de/10015071152
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Closed-form integrated assessment and uncertainty
Traeger, Christian - 2015
The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify the optimal mitigation effort. The model's descriptive power is comparable to numeric models used in policy advising....
Persistent link: https://www.econbiz.de/10011305430
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Export decision under risk
Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016
Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export sales and exporting probabilities but also makes exports less sensitive to trade policy; (ii) the most productive exporters are more affected by higher industry-wide expenditure...
Persistent link: https://www.econbiz.de/10011547934