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This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more or less unbounded, commercial opportunities. Predictability of outcomes at the micro level is...
Persistent link: https://www.econbiz.de/10011019044
uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …
Persistent link: https://www.econbiz.de/10009764986
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …
Persistent link: https://www.econbiz.de/10010428770
We live in a ‘zero-risk society', characterized by a culture that is obsessed with controlling and removing any possible risks. Obviously, one of the fundamental objectives of any civilization is to improve the safety and security of its citizens. However, we should not let the cozy comfort...
Persistent link: https://www.econbiz.de/10012271226
We show that an increase in aggregate uncertainty - measured by stock market volatility - reduces productivity growth … uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment … uncertainty (Baker et al., 2016) is used instead of stock market volatility as a measure of aggregate uncertainty. …
Persistent link: https://www.econbiz.de/10011634332
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299491
standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299956
Formulating a model comprising transportation, uncertainty and price, we describe how Web procurement is likely to …
Persistent link: https://www.econbiz.de/10010267263
and uncertainty. I incorporate continuous levels of integration to the study of organizational choice in an existing model …
Persistent link: https://www.econbiz.de/10009643934
) controllable uncertainty increases; (ii) uncontrollable uncertainty decreases; (iii) the number of plants in the firm decreases …
Persistent link: https://www.econbiz.de/10004967980