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Investment in new activities and the welfare cost of uncertainty
Aizenman, Joshua - In: Journal of development economics 52 (1997) 2, pp. 259-277
Persistent link: https://www.econbiz.de/10001219871
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Investment in new activities and the welfare cost of uncertainty
Aizenman, Joshua - 1995
Persistent link: https://www.econbiz.de/10000926214
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Non-diversifiable Risk and Endogenous Innovation
Petukhov, Anton - 2019
I propose a theoretical framework to study jointly the process of innovation and asset pricing properties of investment … in innovation. The model emphasizes the disruptive nature of new technologies. When risk-sharing is limited, this feature … gives rise to hedging motives against potential disruption. Investors' hedging activity increases the pace of innovation and …
Persistent link: https://www.econbiz.de/10012870827
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Investment in New Activities and the Welfare Cost of Uncertainty
Aizenman, Joshua - 1995
Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...
Persistent link: https://www.econbiz.de/10012473852
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Uncertainty shocks, innovation, and productivity
Bonciani, Dario; Oh, Joonseok - In: The B.E. journal of macroeconomics 23 (2023) 1, pp. 279-335
Persistent link: https://www.econbiz.de/10013556544
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Investment in New Activities and the Welfare Cost of Uncertainty
Aizenman, Joshua - 2022
Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...
Persistent link: https://www.econbiz.de/10013324467
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Optimistic about the future? : how uncertainty and expectations about future consumption prospects affect optimal consumer behavior
Kakeu, Johnson; Byron, Sharri - In: The B.E. journal of macroeconomics 16 (2016) 1, pp. 171-192
Persistent link: https://www.econbiz.de/10011508934
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Bankruptcy costs, idiosyncratic risk, and long-run growth
Acosta Ormaechea, Santiago Leonardo Enrique; Morozumi, … - In: Macroeconomic dynamics 27 (2023) 7, pp. 1807-1842
Persistent link: https://www.econbiz.de/10014364403
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Risk sharing and factor incomes in a stochastic growth model
Clemens, Christiane; Soretz, Susanne - 1996
Persistent link: https://www.econbiz.de/10000603961
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New activities, the welfare cost of uncertainty and investment policies
Aizenman, Joshua - 1996
Persistent link: https://www.econbiz.de/10000613950