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Irreversible investment of the risk- und uncertainty-averse DM under k-ignorance : the role of BSDE
Wang, Zengwu - In: Annals of economics and finance 11 (2010) 2, pp. 313-335
Persistent link: https://www.econbiz.de/10008840335
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Uncertainty, information acquisition, and price swings in asset markets
Mele, Antonio; Sangiorgi, Francesco - In: The review of economic studies 82 (2015) 4, pp. 1533-1567
Persistent link: https://www.econbiz.de/10011457032
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Legal uncertainty as a welfare enhancing screen
Lang, Matthias - 2016
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011557794
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Sourcing Competition under Cost Uncertainty and Information Asymmetry
Shao, Lusheng - 2019
Driven by increasing costs in the traditionally-regarded low-cost manufacturing bases (e.g., China), many firms have started to outsource their production to the regions of even lower costs (e.g., Southeast Asia). However, a new environment may involve higher cost uncertainty and severer...
Persistent link: https://www.econbiz.de/10012903550
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Does Uncertainty Spread Vertically? A Theory of Multi-Layer Newsvendors under Asymmetric Information
Yang, Jiameng - 2019
Using a vertically related multi-layer newsvendors framework this paper analyzes the impacts of market uncertainties and asymmetric information between firms at successive stages of a supply chain on their optimal stocking (and/or pricing) decisions. The asymmetric information along the supply...
Persistent link: https://www.econbiz.de/10012861175
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Incentive and Screening under Uncertainty : A Model of Cooperation with Randomly Distributed Payoffs
Chen, Jia - 2014
Most of the existing theories of international cooperation implicitly adopted the assumption that defection or cheating are easily detectable, either because the behavior of other actors is directly observable, or the payoffs received by the relevant actors are perfect indicators of past...
Persistent link: https://www.econbiz.de/10013052427
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Information Gaps for Risk and Ambiguity
Golman, Russell - 2015
We apply a model of preferences for information to the domain of decision making under risk and ambiguity. An uncertain … unpleasant to think about, an individual tends to be averse to risk and ambiguity. Yet in circumstances in which thinking about … an information gap is pleasant, an individual may exhibit risk- and ambiguity-seeking. The model provides explanations …
Persistent link: https://www.econbiz.de/10013022819
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Supplier dependence asymmetry and investment in innovation : the role of psychological uncertainty
Ma, Siqi; Hofer, Adriana Rossiter; Aloysius, John - In: Journal of purchasing and supply management 27 (2021) 2, pp. 1-16
Persistent link: https://www.econbiz.de/10012513318
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Uncertainty and reputation effects in credence goods markets
Schniter, Eric; Tracy, J. Dustin; Zíka, Vojtěch - 2021
Persistent link: https://www.econbiz.de/10012651631
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Investment decisions and debt financing under information uncertainty
Kim, Hwa-sung - In: The North American journal of economics and finance : a … 52 (2020), pp. 1-14
Persistent link: https://www.econbiz.de/10012656808