This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … uncertainty, as firms place a greater value on the option to wait. Using simulated data we show that this more cautious behaviour … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

Uncertainty varies strongly over time, rising by 50% to 100% in recessions and by up to 200% after major economic and … political shocks. This paper shows that higher uncertainty reduces the responsiveness of R&D to changes in business conditions … - a "caution-effect" - making it more persistent over time. Thus, uncertainty will play a critical role in shaping the …

This paper studies the effects of demand uncertainty and imperfect competition on market entry and product quality …

The aim of this paper is to assess the implications of economic uncertainty on individual mobility behaviour at the … local and regional levels. Focusing especially on uncertainty with respect to the evolution of commuting costs, a model is … workplace and residence. Results indicate that higher uncertainty about commuting costs increases the number of residentially …

, no tax refunds are allowed. This scheme is neutral under both income and capital uncertainty. …