commercialization of agricultural and food (agrifood) nanotechnology that may limit its full potential, including uncertainty about …

This paper investigates the effects of uncertainty emanating from technological im-provements on the optimal lifetime … technological change. From the analysis it turns out that in general this type of uncertainty shortens the optimal lifetime of … assets. More specifically, the analysis shows that: replacement under uncertainty leads to optimal lifetimes of assets that …

associated with a change in innovation and patenting. Its effects are separated into temporary uncertainty and changes in long …. Innovation is found to fall under uncertainty for potential losses that are low relative to the potential profits. As companies … term investment incentives in a dynamic programming problem faced by innovators who learn over time about SOX's effect …

uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …

Pennings (2000) has shown that the government can speed-up investment by subsidizing the potential investing firm …'s entry cost while taxing the future proceeds from the investment, so as to render the net expected value of its subsidy … program zero. This note argues that while speeding-up the investment timing, this subsidy-tax program also lowers the value of …

emphasized the importance of uncertainty in determining the private rate of investment. As different theories give various … results with respect to their assumptions, a new theory of investment under uncertainty is explained in this study. Intuition … on the private investment rate. Among the macroeconomic factors, uncertainty relating to exchange rate distortion, terms …

investment. The model shows that increasing uncertainty will reduce the time horizon as well as investment. Moreover, the …-worst strategy in a discounted payback period framework is applied to examine the effect of uncertainty on the time horizon and …

A typical model of investment under uncertainty where firms incur an irreversible cost in order to produce is studied …