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A Price Theory of Legal Bargaining : An Inquiry into the Selection of Settlement and Trial Under Uncertainty
Rhee, Robert J. - 2015
Conventional wisdom says that economic surplus is created when the cost of litigation is foregone in favor of settlement, a theory flowing from the Coase Theorem. The cost-benefit analysis weighs settlement against the expected value of litigation net of transaction cost. This calculus yields...
Persistent link: https://www.econbiz.de/10014027134
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Ambiguous tipping points
Lemoine, Derek; Traeger, Christian - In: Journal of economic behavior & organization : JEBO 132 (2016) 2, pp. 5-18
Persistent link: https://www.econbiz.de/10011702945
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Macroeconomic uncertainty and monetary policy transmission in Brazil : a TVAR approach
Lopes, Luckas Sabioni; Corrêa, Wilson Luiz Rotatori - In: International review of applied economics 37 (2023) 4, pp. 503-517
Persistent link: https://www.econbiz.de/10014382972
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An optimal tail selection in risk measurement
Just, Małgorzata; Echaust, Krzysztof - In: Risks : open access journal 9 (2021) 4, pp. 1-16
The appropriate choice of a threshold level, which separates the tails of the probability distribution of a random …
Persistent link: https://www.econbiz.de/10012508704
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Dynamic uncertainty and global warming risk
Bosello, Francesco; Moretto, Michele - 1999
When economic agents decide their optimal environmental behavior, they have to take into account non continuos evolutionary trends and irreversible changes characterising environmental phenomena. Given the still non perfect biophysical and economic knowledge, decisions have to be taken in an...
Persistent link: https://www.econbiz.de/10011608543
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What Do We Know About Investment Under Uncertainty?
Carruth, Alan; Dickerson, Andy; Henley, Andrew - 1998
irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … this literature. A variety of methods have been used to investigate the empirical implication of irreversibility in …
Persistent link: https://www.econbiz.de/10010443307
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Exchange rate uncertainty and firm investment plans : evidence from Swiss survey data
Binding, Garret; Dibiasi, Andreas - 2016
A sudden change in monetary policy happened in Switzerland on January 15th, 2015. The Swiss National Bank removed a lower exchange rate bound vis-à-vis the Euro. This unexpected change of regime induced a temporary uncertainty about future prices in foreign markets. We believe that this hampers...
Persistent link: https://www.econbiz.de/10011413367
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What do we know about investment under uncertainty?
Carruth, Alan A.; Dickerson, Andrew P.; Henley, Andrew - 1998
irreversibility for the timing of investment expenditures and their expected returns. This has subsequently stimulated a growing … empirical literature which examines uncertainty and threshold effects of investment behaviour. This paper presents a review of … this literature. A variety of methods have been used to investigate the empirical implication of irreversibility in …
Persistent link: https://www.econbiz.de/10011529520
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Optimal investment strategies under demand and tax policy uncertainty
Boehm, Hjalmar; Funke, Michael - 2000
In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is true regardless of whether random tax changes are...
Persistent link: https://www.econbiz.de/10009781588
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Investment-uncertainty relationship : differences between intangible and physical capital
Bontempi, Maria Elena - In: Economics of innovation and new technology 25 (2016) 3/4, pp. 240-268
Persistent link: https://www.econbiz.de/10011449793