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In an uncertain business climate, multinational enterprises must take account of future exit costs in deciding where to locate a branch plant. We study how differences in national labour-market conditions between countries influence this decision. Other things equal, the most attractive location...
Persistent link: https://www.econbiz.de/10005661807
Persistent link: https://www.econbiz.de/10008486746
Entrepreneurship is one of the fastest-growing discipline throughout the world. However, the importance of entrepreneurship in economic theory is not new and consistent interest in this topic can be traced back to almost a century ago. As with any young discipline, the role and content of...
Persistent link: https://www.econbiz.de/10008487219
The flow-shop minimum-length scheduling problem with n jobs processed on two machines is addressed where processing times are uncertain: only lower and upper bounds of the random processing times are given before scheduling, but their probability distributions are unknown. For such a problem,...
Persistent link: https://www.econbiz.de/10008487389
The paper develops a model of educational choices with uncertainty to account for the high drop out rate in countries …
Persistent link: https://www.econbiz.de/10008487702
of educational choices with uncertainty is derived and estimated. Findings suggest that enrollment rose, particularly …
Persistent link: https://www.econbiz.de/10008487709
Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … utilitarian program diverges, then we prove it is optimal for the extended Rawlsian to ignore the uncertainty concerning the …
Persistent link: https://www.econbiz.de/10008555419
adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired …
Persistent link: https://www.econbiz.de/10005572024
The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...
Persistent link: https://www.econbiz.de/10005572065
This paper analyzes how the statistical properties of a risk affect the attitutde of individuals towards accepting another independent risk. We conduct the analysis for the class of increasing utility functions having all their derivatives with alternating sign.
Persistent link: https://www.econbiz.de/10005572168