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Perspectives on Firm Decision Making During Risky Technology Acquisitions

Powell, Adam C. - 2011

two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing … data, support was found for the Bounded Rationality hypothesis; firms have less uncertainty about an acquisition … hypothesis; firms whose prior machines perform below aspiration levels seek more uncertainty in their subsequent acquisitions …

Persistent link: https://www.econbiz.de/10009438770

Essays on the Information Acquisition of Doubt-Prone Decision Makers

alaoui, larbi - 2010

There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it...

Persistent link: https://www.econbiz.de/10009439041

Value of Learning and Acting On Customer Information

Cao, H. Henry; Sun, Bao-Hong - 2007

. Facing uncertainty about customer types, the firm can gradually learn using observed service costs realized from recent …

Persistent link: https://www.econbiz.de/10009441181

Inter-Firm Innovation under Uncertainty: Empirical Evidence for Strategic Knowledge-Partitioning

Lee, Jaegul; Veloso, Francisco - 2006

degree of task uncertainty during inter-firm product development. Using successfully applied patents in automobile emission … knowledge base in component and architectural knowledge increased under higher task uncertainty respectively. This finding …

Persistent link: https://www.econbiz.de/10009441283

Evaluating the Effects of Decoupled Payments under Output and Price Uncertainty

Kotakou, Christina A.; Katranidis, Stelios D. - 2010

face uncertainty about output price and quantity. Using our estimation results we simulate the effects on cotton production …

Persistent link: https://www.econbiz.de/10009442677

Does Duality Theory Hold in Practice? A Monte Carlo Analysis for U.S. Agriculture

Rosas, Francisco; Lence, Sergio H. - 2011

The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...

Persistent link: https://www.econbiz.de/10009444351

Integrating economic values and catchment modelling

Kragt, Marit Ellen; Bennett, Jeffrey W. - 2009

Integrated catchment policies are widely used to manage natural resources in Australian catchments.Decision support tools available to aid integrated catchment management are often limited in theirintegration of environmental processes with socio-economic systems. Fully integrated models...

Persistent link: https://www.econbiz.de/10009444603

Integrating economic values and catchment modelling

Kragt, Marit Ellen; Bennett, Jeffrey W. - 2009

Persistent link: https://www.econbiz.de/10009444604

RISK MANAGEMENT THROUGH INSURANCE AND ENVIRONMENTAL EXTERNALITIES FROM AGRICULTURAL INPUT USE: AN ITALIAN CASE STUDY

Capitanio, Fabian - 2008

The biological nature of agricultural production processes induce a higher degree ofuncertainty surrounding the economic performance of farm enterprises. This has contributedto the development and acceptance of forms of public intervention aimed at reducing incomevariability that have no...

Persistent link: https://www.econbiz.de/10009445763

Yield and Area Elasticities. A Cost Function Approach with Uncertainty

Rosas, Francisco; Hayes, Dermot J. - 2010

-input firm, and introduces uncertainty in the level of target output which conditions the cost minimization problem, in the …

Persistent link: https://www.econbiz.de/10009446115