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This paper examines the effect of uncertainty about the future on whether individuals select want options (e.g., junk … uncertainty about what the future may bring reduces self-control resources and increases individuals’ tendency to favor want … options over should options. These results persist when real uncertainty is induced, when the salience of naturally …
Persistent link: https://www.econbiz.de/10010580436
Consider the Hotelling linear spatial duopoly with firm uncertainty over the consumer mean. As uncertainty about the …
Persistent link: https://www.econbiz.de/10010580457
Uncertainty and learning play an important role in the management of many environmental and resource problems and in … particular in climate change. In stylized game-theoretic models of international environmental treaty formation, which capture … richer climate model that captures the large heterogeneity between different world regions and considers uncertainty about …
Persistent link: https://www.econbiz.de/10010580592
of uncertainty: demand uncertainty (in terms of number of buyers) and competitive effect uncertainty (in terms of other … investment and the level of production on the cost and the uncertainty the agent is confronted with. Moreover, we find that … French case illustrates the different effects associated with demand uncertainty and competitive effect uncertainty. …
Persistent link: https://www.econbiz.de/10010582219
game theoretic model to examine the combined effects of uncertainty and risk aversion on the actions of potential investors … into high and low carbon generating capacity, under both allocation rules and uncertain costs. We find that uncertainty and …
Persistent link: https://www.econbiz.de/10010582226
uncertainty shocks have explanatory power for movements in trade. Our VAR estimations on US data suggest that domestic uncertainty … bilateral model with focus on the impact of importer uncertainty on foreign suppliers. We find that there is a strong negative … relationship between uncertainty and trade and that this relationship is non-linear. Uncertainty matters most when its levels are …
Persistent link: https://www.econbiz.de/10010583589
ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research … suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in … America - and - according to one recent study, restoring policy uncertainty to levels that prevailed before the financial …
Persistent link: https://www.econbiz.de/10010584060
schedule of certainty-equivalent discount rates. A growing empirical literature estimates models of long-term interest rates … and uses them to forecast the declining discount rate schedule. I briefly review this literature, focusing on models for …
Persistent link: https://www.econbiz.de/10010584178
Persistent link: https://www.econbiz.de/10010584226
Persistent link: https://www.econbiz.de/10010584239