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the uncertain and open character of innovation processes. Uncertainty is not a market failure and cannot be repaired …
Persistent link: https://www.econbiz.de/10009372156
Persistent link: https://www.econbiz.de/10011274872
Uncertainty affecting project values makes investors hesitate to build new capacity unless profitability is significant … capture both uncertainty effects and decision-making behaviour of investors. Important stochastic factors typically include …
Persistent link: https://www.econbiz.de/10005260269
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
; incompleteness of contracting and fundamental uncertainty associated with business. As for the latter dimension of Gharar, the … financial institutions are not necessarily discouraged to share the associated uncertainty with the small-sized firms in the … finance, less has been done to elaborate upon it through the lens of Post-Keynesian economics which have greatly contributed …
Persistent link: https://www.econbiz.de/10010814663
wider economic rationality within climate politics that suggests finance and investment as response strategies. …
Persistent link: https://www.econbiz.de/10010669793
use of informal financing. Finally, the uncertainty concept helps us to understand the reasons for a limitation of Russian …
Persistent link: https://www.econbiz.de/10005190683
This is a comment on ’Towards a legal theory of finance’ by Katharina Pistor. It notes that both law and money are … of fundamental uncertainty. The historical origins of both are briefly considered. It is argued that fundamental … uncertainty in the Knight-Keynes sense has been marginalised in modern economics and this creates problems for the theory of money …
Persistent link: https://www.econbiz.de/10010666150
investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing …
Persistent link: https://www.econbiz.de/10011115766
High innovation capability is indispensable for generating economic growth in developed economies. Cooperations in the innovation process are entered into by companies for reasons of risk diversification or costs and often considered to be an efficient strategy to increase a company’s...
Persistent link: https://www.econbiz.de/10010988320