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two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …
Persistent link: https://www.econbiz.de/10009438770
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions … generated by differences in risk. Some farmers will choose to reduce relative risk by purchasing additional water rights whereas … permanent rights markets, farmers who are better able to bear risk are more likely to participate in the spot market than those …
Persistent link: https://www.econbiz.de/10009443454
Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and … fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The … scientists regarding management of fisheries under uncertainty. We identify common findings and discuss divergent ones. We also …
Persistent link: https://www.econbiz.de/10009446063
Energy prices have exhibited significant volatility in recent years. For example, natural gas pricesranged from $4 to $15 per MM BTU's in calendar years 2005 through 2011. Future prices are uncertainbut are likely to retain a high level of volatility. This volatility complicates analysis of...
Persistent link: https://www.econbiz.de/10009464935
risk, andinformation uncertainty.An integrated economic/epidemic evaluation is done to examine the impact of variouscontrol … reducing strategy.Another issue related to risk and uncertainty is the response of consumers and domesticmarkets to the … a smaller standard deviation of loss which would indicate it isa risk reducing strategy.Risk in foreign animal disease …
Persistent link: https://www.econbiz.de/10009464961
of uncertainty are therefore tackled implicitly by discounting the expected value of the cash flows at a risk … weaknesses within the Internet companies’ context. One of these weaknesses is tackling the uncertainty that characterize future …-adjusted interest rate. However, under uncertainty, future cash flows of these companies can no longer be characterized by a single …
Persistent link: https://www.econbiz.de/10009465487
trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These …
Persistent link: https://www.econbiz.de/10009465939
variables were significant. The major focus of the study -- differences between individual and group-assisted risk evaluations … role. Based on the results of this study, it appears that the accounting firm wishing to suppress risk in its evaluations …
Persistent link: https://www.econbiz.de/10009477964
Persistent link: https://www.econbiz.de/10009448801