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In recent years the issue of life expectancy has become of upmost importance to pension providers, insurance companies and the government bodies in the developed world. Significant and consistent improvements in mortality rates and hence life expectancy have led to unprecedented increases in the...
Persistent link: https://www.econbiz.de/10011206890
Sudan is one of the countries which economy depends on rain fed agriculture and also facing recurring cycles of natural drought. For many decades, recurrent drought, with intermittent severe droughts, had become normal phenomenon in Sudan. This paper presents linear stochastic models known as...
Persistent link: https://www.econbiz.de/10011166042
under uncertainty on real investment performance in three emerging markets, Argentina, Mexico and Turkey. Employing a … short term financial investments depending on respective rates of returns and uncertainty in the economy. The empirical … results show that increasing rates of return gap and uncertainty have an economically and statistically significant fixed …
Persistent link: https://www.econbiz.de/10005835617
When advising policy we face the fundamental problem that economic processes are connected with uncertainty and thus …
Persistent link: https://www.econbiz.de/10005835629
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the option of choosing a second instrument to affect the...
Persistent link: https://www.econbiz.de/10005835785
The principle of uncertain future: the probability of a future event contains an (hidden) uncertainty. The first …
Persistent link: https://www.econbiz.de/10005835901
-making under conditions of extreme uncertainty, to examine the conditions under which technology incentives should be a key … potential adopters can reduce their uncertainty about the performance of new technologies by querying the experience of other …
Persistent link: https://www.econbiz.de/10005835929
predictive distributions of the monetary values for this type of goods. Therefore, uncertainty is formally considered in the …
Persistent link: https://www.econbiz.de/10005836255
uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …
Persistent link: https://www.econbiz.de/10005836335
paradigm. Moreover, it confirms the Heiner model (1983, 1985, 1989) by showing that the higher is the uncertainty faced by … decision makers the more frequent is the use of behavioural rules. The central role of uncertainty helps explaining why FDI …
Persistent link: https://www.econbiz.de/10005836378