We develop a model of pandemic risk management and firm valuation. We introduce aggregate transmission shocks into an …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

This paper distinguishes uncertainty types that differ continuously with respect to the degree to which uncertainty … uncertainty types can lead to quite special results. Monopoly examples of the newsboy problem type are further used to show that … depends crucially on the type of uncertainty and the employed functional forms for utilities and costs. …

differences in risk premia. We deduct testable hypotheses on the basis of which we empirically analyze the impact of uncertainty …We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R …&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is …

their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA …