technologies under uncertainty. Specifically, given two technologies, one with lower costs at present, but the other with greater … uncertainty in the returns to R&D, how should one allocate the R&D budget? We develop a multi-stage stochastic dynamic programming … variance in the uncertainty in returns to R&D and with the skewness of the uncertainty. We also present an illustrative case …

This paper incorporates publication uncertainty in a game between researchers and journal editors and examines its … greater journal competition, generally leading to reduced publication uncertainty, would increase author payoffs by increasing …