This paper examines the role played by uncertainty and sunk costs on the timeseries fluctuations in industry structure ….S. manufacturing industries over a 30-year period, our estimates show that time periods of greater uncertainty, especially in … as a key driver of industry dynamics, our results indicate that uncertainty and sunk costs play a crucial role. Our …

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …

uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …

. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …

there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … profitable if and only if uncertainty is sufficiently great. As regards the social desirability of mergers, it is found that a …