when taking merger decisions. In practice, firms and competition authorities cannot know exact future efficiency gains …, prior to merger consummation. This paper analyzes horizontal mergers when the output decision-making process is sequential …. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …

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 …

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 …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several … channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …

practical prevalence of uncertainty. Theoretically complete models conceal it. As a remedy a scenario-based procedure of coping … with uncertainty can prescribe how the boundedly rational decision-maker should proceed from her or his internal point of … view. Though models of substantive rationality cannot serve as guidance for decision-making under uncertainty, we can …

Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the … threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in … decreases for firms above the threshold. Hence, legal uncertainty acts as a welfare enhancing screen and increases welfare …

Investor uncertainty about firm value drives investors' information collection and trading activities, as well as … managers' disclosure choices. This study examines an important source of uncertainty that likely cannot be influenced by most … managers and investors: uncertainty about government economic policy. We find that this uncertainty is associated with …

Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and …-phase, bifurcated merger control system. This system integrates ex-ante processes with more systematic and comprehensive ex … merger control in dynamic markets. …