addition, we present results associated with new survey questions that assess the degree of individual uncertainty about future … individual responses exhibit considerable persistence, both in the expected level of inflation and in forecast uncertainty …

uncertainty, and they illustrate the contract design in an application with Bayesian learning. The disagreement creates gains from …

investigate how uncertainty affects the attractiveness of investment in a particular location. Just how much does the ease of exit …

range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of … uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the …

demand uncertainty, firms decide whether to commit to investment early or wait until the uncertainty as been resolved. Two … endogenous timing games are considered which differ in their characterisation of commitment. We show how uncertainty, the cost of … flexibility at higher uncertainty. The nature of commitment will determine whether and for which ranges of uncertainty and costs …

-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show … provided uncertainty and foreign direct investment costs are low. …