Showing 1 - 10 of 280
. Information provision is preferable when uncertainty is high, as information is more valuable at this time. …
Persistent link: https://www.econbiz.de/10012816981
. We find that price sensitivity and its interplay with uncertainty have important implications for the effects of tolling … uncertainty, but it lowers welfare with uncertain capacity. Next, "third-best" tolling adds the further constraint that, besides a …-best one-raise the price compared to the no-toll case. In our numerical study, when there is less uncertainty, the second …
Persistent link: https://www.econbiz.de/10014472536
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. …
Persistent link: https://www.econbiz.de/10011349194
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. …
Persistent link: https://www.econbiz.de/10010532588
Persistent link: https://www.econbiz.de/10009723000
gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points, carbon prices are …
Persistent link: https://www.econbiz.de/10012545087
analytical results, and offer analytical insights into numerical results on the effects of economic and damage ratio uncertainty …
Persistent link: https://www.econbiz.de/10012545108
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011325966
This paper analyses the role of information in the search process. Ibuild a simple model of a good with two random attributes with somejoint probability distribution. I consider seemingly unimportant changesin this distribution, i.e. changes which neither affect expected utility norits variance....
Persistent link: https://www.econbiz.de/10011379165
Recent research has shown that the standard labor matching model hasdifficulties in reproducing the co-movement patterns observed in US data. Thisis due to the fact that the standard model lacks sufficient propagation of shocks.This paper shows that refining the informational structure of the...
Persistent link: https://www.econbiz.de/10011382000