Dieser Beitrag beinhaltet eine modifizierte Fassung des Vortrags, der anlässlich der Verteidigung der Dissertation des Autors an der Martin-Luther-Universität Halle-Wittenberg am 18. November 2010 gehalten wurde. Das Diskussionspapier vermittelt einen thesenhaften Überblick über den...

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We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and price...