increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is …

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 … modelled as a lottery between a decrease and increase in the cost to continue R&D. We relate differences in uncertainty to …

This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate … investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch … general investment spending. Furthermore, expectationsand uncertainty have important although different effects on investment …

Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … Uncertainty" is to highlight some areas of research in which novel econometric, financial econometric and empirical finance … methods have contributed significantly to the analysis of financial risk management when there is economic uncertainty …