Similar Search Results

Gronwald, Marc - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10009786017

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

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

Global warming and extreme events : rethinking the timing and intensity of environmental policy

Chen, Yu-Fu; Funke, Michael - 2010

-probability extreme events on environmental policy in a continuous-time real options model with "tail risk". In a nutshell, our results … indicate the importance of tail risk and call for foresighted pre-emptive climate policies. -- climate policy ; extreme events …

Persistent link: https://www.econbiz.de/10003994530

The impact of tax uncertainty on irreversible investment

Niemann, Rainer (contributor) - 2007

Persistent link: https://www.econbiz.de/10003597980

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 has an ambiguous impact on investment behavior, depending on the …

Persistent link: https://www.econbiz.de/10011399893

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

Does culture affect unemployment? : evidence from the Röstigraben

Brügger, Beatrix; Lalive, Rafael; Zweimüller, Josef - 2009

This paper studies the role of culture in shaping unemployment outcomes. The empirical analysis is based on local comparisons across a language barrier in Switzerland. This Röstigraben separates cultural groups, but neither labor markets nor political jurisdictions. Local contrasts across the...

Persistent link: https://www.econbiz.de/10003861817

Ancestry, language and culture

Spolaore, Enrico; Wacziarg, Romain - 2015

We explore the interrelationships between various measures of cultural distance. We first discuss measures of genetic distance, used in the recent economics literature to capture the degree of relatedness between countries. We next describe several classes of measures of lin-guistic, religious,...

Persistent link: https://www.econbiz.de/10010533086

Should immigrants culturally assimilate or preserve their own culture? : individual beliefs and the longevity of national identity

Grajzl, Peter; Eastwood, Jonathan; Dimitrova-Grajzl, … - 2017

We develop and empirically test a theory concerning individual beliefs about whether immigrants should culturally assimilate into the host society or preserve their own cultural norms. We argue that when national identity is a source of intrinsic utility, the longevity of national identity...

Persistent link: https://www.econbiz.de/10011653752

1
2
3
4
5
6
7
8
9
10
Next
Last