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The paper considers an agent who must choose an action today under uncertainty about the consequence of any chosen …
Persistent link: https://www.econbiz.de/10011599392
contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting … further extend the analysis with uncertainty about future incomes. Specifically, individuals live for three periods, and the … add biases and uncertainty to characterize their implications and measure the costs of the intertemporal inconsistencies …
Persistent link: https://www.econbiz.de/10013192156
How should we think about crime deterrence in times of pandemics? The economic analysis of crime tells us that potential offenders will compare the costs and the benefits from crime and from innocence and then choose whichever option is more profitable. We must therefore ask ourselves how this...
Persistent link: https://www.econbiz.de/10014501454
Decision-making is at the heart of entrepreneurship. Unsurprisingly, entrepreneurship research has engaged with processes of entrepreneurial decision-making resulting, most importantly, in the notions of causation, effectuation, and enactment. Nevertheless, the range of processes delineated to...
Persistent link: https://www.econbiz.de/10014504283
to each party in spite of the surrounding uncertainty. Both parties are risk-neutral; there is no limited liability …
Persistent link: https://www.econbiz.de/10014537015
The paper examines whether bank diversification in multiple dimensions can protect bank lending from uncertainty shocks …. We use a panel of Vietnamese commercial banks during 2007?–?2019 for empirical analysis and measure uncertainty in … credit risk amid greater uncertainty. These adverse impacts of uncertainty on bank lending (both quantity and quality) are …
Persistent link: https://www.econbiz.de/10014521969
This study analyses the argument that whether Turkish non-financial firms utilize any informal source of alternative funding during economic uncertainties over the last decade. This study is the first to explore the issue and provide some insights regarding how small and medium-sized enterprises...
Persistent link: https://www.econbiz.de/10014547812
This paper investigates the impact of macroprudential policies and uncertainty of economic environment on corporate … uncertainty on leverage dynamics of Turkish non-financial firms using firm-level data. We argue in this paper that persistence of … uncertainty should be a more appropriate factor affecting credit dynamics rather than uncertainty. In that sense, we construct a …
Persistent link: https://www.econbiz.de/10014547816
demand uncertainty, the existence of several alternatives to transport the product between facilities, and routing of …
Persistent link: https://www.econbiz.de/10011551803
We report a portfolio-choice experiment that enables us to estimate parametric models of ambiguity aversion at the level of the individual subject. The assets are Arrow securities that correspond to three states of nature, where one state is risky with known probability and two states are...
Persistent link: https://www.econbiz.de/10011599655