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. Innovative activity is surrounded by great uncertainty because firms invest funds for the long term without being sure whether … compared. The higher the level of uncertainty in world markets, the lower the amount of funds available to finance innovation …
Persistent link: https://www.econbiz.de/10011133347
This paper analyzes how uncertainty influences the formation and design of regional trade agreements (TAs). Two sources … of uncertainty — in demand and costs — are considered. Using a multi-stage game we show that, as long as some … decisions are made after uncertainty is resolved, all TAs have option values. But, because TAs differ in their flexibility and …
Persistent link: https://www.econbiz.de/10011133546
to mitigate information asymmetries in the structured finance market but succeeded in the bond market. Two infinitely … repeated models are analyzed. In the first, the rating is unverifiable, and there is no equilibrium where the CRA reveals its … information. In the second, the rating is verified with some probability, and full information revelation is guaranteed for any …
Persistent link: https://www.econbiz.de/10011133753
the building of forecasts intervals, in order to have a measure of predictions uncertainty, which is quantified by the …
Persistent link: https://www.econbiz.de/10011133864
approaches a synthetic manner both mathematical models of decision making under conditions of risk and uncertainty, as well as a …Mathematical models applied in the insurance field, represent an ongoing concern for people that work in actuarial …
Persistent link: https://www.econbiz.de/10011066969
used in environments characterized by cumulating uncertainty relating to data gaps and the accuracy of downscaled … collection and information systems is a “no regrets” action that should be considered integral to national and regional …
Persistent link: https://www.econbiz.de/10011068500
Among economists, discussion of problems involving uncertainty is po­ larised between advocates of formal decision … theories, who claim that un­ certainty can be tamed by careful consideration of information and elicita­ tion of preferences …, and critics who argue that uncertainty is fundamentally irreducible. Improvements and generalisations of formal decision …
Persistent link: https://www.econbiz.de/10011069167
based on Data Envelopment Analysis (DEA) models. Following the procedure adopted in a cost framework by Farrell (1957) and … decomposition can considerably help policy makers to design accurate energy policies. The presence of uncertainty on data, and more …
Persistent link: https://www.econbiz.de/10011069592
to design accurate energy policies. The presence of uncertainty on data, and more particularly on energy content of …
Persistent link: https://www.econbiz.de/10011069663
used in environments characterized by cumulating uncertainty relating to data gaps and the accuracy of downscaled … collection and information systems is a “no regrets” action that should be considered integral to national and regional …
Persistent link: https://www.econbiz.de/10011069710