on the interval programming method, where uncertain information is directly incorporated and communicated into the …

composite technology and contain little or no information about the distribution of returns to R&D – which could be important … uncertainty or differences in technologies matter most for success. We highlight two key results. First, we compare the results …

driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of …

This paper examines the implications of uncertainty about the effects of monetary policy for optimal monetary policy … uncertainty for both conventional and unconventional monetary policies. According to an estimated version of this model, the US … economy is currently suffering from a large and persistent adverse demand shock. Optimal monetary policy absent uncertainty …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing … prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost …

environmental policy. The empirical record shows that governments abstain from regulatory policy when they face uncertainty about … key aspects of ecological problems. The key question that the literature has ignored is: what kind of uncertainty? Indeed …, states do take action when the extent of ecological problems is unknown. However, uncertainty about the transboundary …