Showing 1 - 10 of 1,497
-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty …
Persistent link: https://www.econbiz.de/10010304598
Reichen die auf dem G-20-Gipfel beschlossenen Maßnahmen aus, die Finanzmärkte zu regulieren und die Wahrscheinlichkeit zukünftiger Krisen zu senken? Für Rolf J. Langhammer, Institut für Weltwirtschaft, Kiel, dienten die Beschlüsse des G-20-Gipfels der Krisenüberwindung und dem Versuch,...
Persistent link: https://www.econbiz.de/10010332928
Capitalist dynamics is energized in part by imaginaries of future states of the world (Beckert 2016). The paper deals with two questions: Why do fictional expectations change in the course of capitalist development? And: Are fictional expectations becoming more important in contemporary capitalism?
Persistent link: https://www.econbiz.de/10011660291
Keynes' General Theory (GT) ist in zweierlei Hinsicht umfassender als das (neo-) klassische Modell: (1) sie schließt das Vollbeschäftigungsgleichgewicht als Sonderfall ein und (2) sie basiert auf realistischem mikroökonomischem Verhalten, dessen sozial isolierter, den Eigennutz maximierender...
Persistent link: https://www.econbiz.de/10012140492
The paper develops a sociological approach for understanding the role of expectations in collective action. It argues that an approach based on expectations is better suited to explain collective action in episodes of social change than existing sociological theories. Two case studies - one on...
Persistent link: https://www.econbiz.de/10011904701
Summary This article investigates the derivation of post-tax investment rules and neutral tax systems under risk neutrality and risk aversion for irreversible investment projects. Integrating taxes into real option theory, it can be shown that the possible approaches dynamic programming and...
Persistent link: https://www.econbiz.de/10014609028
quasi-decomposability, the limits of which can never be fully anticipated. Thus uncertainty is inescapable - but it is a …
Persistent link: https://www.econbiz.de/10014609503
Abstract Insurance has been suggested as a policy instrument that can help in managing the rising economic cost of natural catastrophes. Evidence, however, shows that many homeowners do not insure their homes against natural catastrophes and tend to depend on (unreliable) disaster aid. This...
Persistent link: https://www.econbiz.de/10014619308
The impact of exchange rate uncertainty on international trade has been discussed controversially in economic policy … the influence of exchange rate uncertainty on trade, conclude that exchange rate uncertainty has a negative impact on the … assumptions in order to better reflect reality, these extended modeis show that under certain conditions exchange rate uncertainty …
Persistent link: https://www.econbiz.de/10010275374
investments and make business model calculable. Likewise demand side faces uncertainty: evaluation of suppliers and whose outputs … then. Therefore, repeating transactions with same counterparty can be seen as instrument reducing uncertainty and imperfect …
Persistent link: https://www.econbiz.de/10009467182