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To quantify contracting distortions in a real‐world market, we develop and structurally estimate a model of contracting under payoff uncertainty in the south Indian groundwater economy. Uncertainty arises from unpredictable fluctuations in groundwater supply during the agricultural dry season....
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"This book brings together diverse perspectives concerning uncertainty and climate change in India. Uncertainty is a …" for scientists and policymakers, resulting in highly debated and disputed decision-making. The book focuses on India, one …, history, and ecology, the book argues for plural and socially just ways to tackle climate change in India and beyond." …
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A change in share price reflects the economic health of a company as perceived by individual investors. The reflection might not be as exact as mirror rather reflection on water of a pond with a mild wave. The uncertainty of the business is due to several controllable and uncontrollable factors....
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Both from theoretical and practical viewpoints, I argue that the New Keynesian model's forward-looking IS curve should be derived by quadratic approximation. This leaves uncertainty in the basic three-equation model. After adding exogenous AR(1) processes, I examine the results by numerical...
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