decisions which businesses in ASEAN will have to face in a highly competitive environment under uncertain growth conditions, by …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …

I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …

I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …

players put into the project depending on the type of uncertainty faced. Furthermore, the delay of effort explains the …

are technology adoption or market entry. Firms either invest immediately or wait until market uncertainty is resolved. Two …

dissolving. Modeling uncertainty by a compact environment around a reference distribution F in the Prohorov metric, we derive the … investigated. We identify Knightian Uncertainty about the peer's distribution as the reason for its deterrent effect of an immature … optimal price announcement for an ambiguity averse divider. The divider hedges against uncertainty for valuations close to the …

pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face … Knightian uncertainty about opponents' actions and maximize individually their Choquet expected utility with respect to neo …-additive capacities (Chateauneuf, Eichberger, and Grant, 2007) allowing for both an optimistic or pessimistic attitude towards uncertainty …