demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others … certain naive consumers into believing that demand is greater than it actually is. This will in turn increase the willingness … demand is lower than expected, even when the number of naive consumers is arbitrarily small. …

&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is … differences in risk premia. We deduct testable hypotheses on the basis of which we empirically analyze the impact of uncertainty …

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge …

under demand uncertainty: we solve for equilibrium and optimum as benchmarks, and evaluate the efficiency of possible … regulatory policies for private road operators. We obtain analytic solutions for simple networks and numerical simulation results … first-best case, even though the capacity is higher than the capacity for the deterministic demand equal to the expected …

second-best optimum. For more complex networks, when private firms add capacity in turn, contrary to the case without demand …We study the efficiency of private supply of roads under demand uncertainty and evaluate various regulatory policies …. Due to demand uncertainty, capacity is decided before demand is known but tolls can be adjusted after demand is known …

the size of vehicles, and load factors. The model features complementary networks, scheduling, price elastic demands, and … demand uncertainty. For the case of a given number of vehicles, the analysis shows that carrier collaboration increases …