uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …

The empirical literature of investment under uncertainty has vastly neglected to account for the role played by market … uncertainty for 23 French industries during the period 1977-1997 and represents the first empirical work that includes variables … of market structure (in terms of degree of competition) in a model of investment under uncertainty. It is also one of the …

introduce relevant dynamic elements to the general problem of decisions under uncertainty. We analyze actions that may have … essential to establish the direction of the bias. We also use Epstein's framework to look at issues such as uncertainty about … cost of restoration and uncertainty about irreversibility. All of the results to this point are for models with just two …

constraints. We model granular uncertainty as the shocks that affect the uncertainty in future idiosyncratic productivity without … misallocation. Intuitively, an increase in granular uncertainty exacerbates the misallocation of credit as productive entrepreneurs …

We show theoretically that when Bayesian investors face time-series uncertainty about assets' risk exposures … prediction. Our results have important implications for understanding how prior-induced parameter uncertainty affects asset …

, no tax refunds are allowed. This scheme is neutral under both income and capital uncertainty. …

We analyze the impact of progressive taxation on irreversible investment under uncertainty. We show that if tax …