Showing 1 - 10 of 10,467
Persistent link: https://www.econbiz.de/10011773470
uncertainty about a contestant's relative quality. -- Serial Position Effects ; Ordering Effects …
Persistent link: https://www.econbiz.de/10008773259
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …
Persistent link: https://www.econbiz.de/10010481420
Empirical applications of real options models in competitive environments implicitly exploit the optimality of myopic planning. In a seminal paper [Leahy, J.V., 1993. Investment in Competitive Equilibrium: the Optimality of Myopic Behavior. Quarterly Journal of Economics 108, 1105–1133] shows...
Persistent link: https://www.econbiz.de/10014177597
This paper examines the optimal production decision of the competitive firm under price uncertainty when the firm …'s preferences exhibit smooth ambiguity aversion. Ambiguity is modeled by a second‐order probability distribution that captures the … firm's uncertainty about which of the subjective beliefs govern the price risk. Ambiguity preferences are modeled by the …
Persistent link: https://www.econbiz.de/10014130527
The Association of Southeast Asian Nations (ASEAN) intends to create the ASEAN Economic Community (AEC) as a single market, to be completed by 2020. The single market will boost the competition in both ASEAN's internal and external markets, which will spur innovation. Creative innovation will...
Persistent link: https://www.econbiz.de/10013061529
choice deviate from what citizens want but that an increase in uncertainty about policy outcomes decreases this distortion. …
Persistent link: https://www.econbiz.de/10013187549
Persistent link: https://www.econbiz.de/10012483528
Persistent link: https://www.econbiz.de/10012297813
Persistent link: https://www.econbiz.de/10001168909