The endogeneity of equilibrium strategies makes modelling uncertainty about the behaviour of other economic players … difficult. Recent developments in decision and game theory offer an opportunity to include strategic uncertainty as an … explanatory variable in economic analysis. This paper introduces to a new concept of decision making under uncertainty and an …

uncertainty as an additive shock to a uniform consumer distribution. The additive shock restricts uncertainty to the mean of the …

, with either a negative externality on a third participant, uncertainty about gains from cooperation, or both. Uncertainty … foster cooperation. If we combine both qualifications and do not control for beliefs, we only find an uncertainty effect. If …

are in contrast with the existing literature. In particular, an increase of demand location uncertainty decreases the … uncertainty about transport costs. Endogenizing the choice of objective function leads to the dominance of an extreme form of …

preference uncertainty as an additive shock to the consumer distribution in a characteristic space model. The additive shock only …

From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this … technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the … identification of the viable firms. This uncertainty decreases with the time and the diffusion of fundamentalist information that …

Is liability law a suitable instrument for controlling externalities? The optimistic view from the law and economics …

Is liability law a suitable instrument for controlling externalities? The optimistic view from the law and economics …

modeling can shed some light on the international environment crisis and the relevant ongoing international negotiations. We …