that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to … the data, we employ a news article-based measure of climate policy uncertainty to identify CPU shocks as well as quarterly …

We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax …-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong … implies idiosyncratic distortions, in line with our accounting approach. According to our quantitative results, uncertainty …

robust model for small amounts of uncertainty and analyze the effect of robustness on optimal trading strategies and … liquidation costs. In particular, in our model ambiguity aversion is observationally equivalent to increased risk aversion. This …

uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence …-generating process (EGP). We claim that EGP variation across researchers adds uncertainty: Non-standard errors (NSEs). We study NSEs by … or higher rated research. Adding peer-review stages reduces NSEs. We further find that this type of uncertainty is …