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Irreversible investment and information acquisition under uncertainty
Orset, Caroline - Économie Publique, Département Sciences Sociales, … - 2010
s/he gets the opportunity to acquire information in order to reduce her/his uncertainty. We find that the agent always …
Persistent link: https://www.econbiz.de/10010733788
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A complementary micro Coronavirus model under uncertainty and utility
Gander, James P. - 2020
A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …
Persistent link: https://www.econbiz.de/10013269247
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A complementary micro Coronavirus model under uncertainty and utility
Gander, James P. - 2020
A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …
Persistent link: https://www.econbiz.de/10012243058
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Revealed Preference and Choice under Uncertainty
BOSSERT, Walter; SUZUMURA, Kotaro - Département de Sciences Économiques, Université de … - 2010
generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …
Persistent link: https://www.econbiz.de/10010933662
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Optimal saving in the presence of two small risks
Menegatti, M. - Facoltà di Economia, Università degli Studi di Parma - 2008
We examine optimal saving in the presence of two small risks: income risk and a background risk. First, we compute the necessary and sufficient condition for a positive precautionary saving, showing that it depends on two terms capturing respectively the direct effect of income risk and the...
Persistent link: https://www.econbiz.de/10005612404
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The risk premium and the effects of risk on utility
Menegatti, M. - Facoltà di Economia, Università degli Studi di Parma - 2007
This work shows that the risk premium can be a mistaken measure of the reduction in utility caused by uncertainty since …
Persistent link: https://www.econbiz.de/10005272728
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Biodiversity Prospecting Over Time and Under Uncertainty: A Theory of Sorts
Batabyal, Amit; Nijkamp, Peter - 2014
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10011400113
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Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts
Batabyal, Amitrajeet A.; Nijkamp, Peter - 2013
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10010326306
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Nonpoint Source Pollution Control Under Incomplete and Costly Information
Farzin, Y.H.; Kaplan, J.D. - 1999
This paper analyses the efficient management of nonpoint source pollution (NPS) under limited pollution control budget and incomplete information inherent in NPS pollution. By incorporating information acquisition into a pollution control model, it focuses on the tradeoff between data collection...
Persistent link: https://www.econbiz.de/10011608496
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The option to pay attention
Izhakian, Yehuda; Levy, Hagit; Shalev, Ron; Zur, Emanuel - 2021
)—to provide evidence that attention to securities reacts differently to various types of uncertainty. We find that market …-wide uncertainty, measured by the VIX index, depresses overall attention to securities. However, the effect of firm-level uncertainty …
Persistent link: https://www.econbiz.de/10012593942