This paper addresses deinstitutionalisation from a longitudinal perspective. Drawing onthe case of software exports policymaking in Costa Rica, it analyses persistence andchange paying particular attention to formation of dissensus, understood as lack ofunanimity on the value of an activity that...

This paper examines a continuous-time intertemporal consumption and portfolio choice problem foran ambiguity-averse investor with multiple priors when the expected return of a risky asset isunobservable and follows a hidden Markov chain. The investor’s beliefs over investmentopportunities are...