compensate for uncertainty are discussed here, extra emissions quotas and financial transfers. The latter is found to be more …

In order to analyse the consequences of uncertainty for prices and efficiency in a hydropower system, we apply a two …-period model with uncertainty in water inflow. We study three different market structures, perfect competition, monopoly and … uncertainty element creates possibilities of exercising market power depending on the distribution of uncertainty among producers …

Investment in pollution prevention technologies are often made under significant uncertainty about the future pay … the timing of investments becomes an important issue for the company. This paper focuses on uncertainty about a future … environmental tax, and shows, within a two period model, that a specific tax uncertainty, standing alone, does not create any …

firm-specific and macroeconomic uncertainty changes. Our estimates show that the influence of leverage on capital … investment may be stimulating or mitigating depending on the effects of uncertainty. …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

uncertainty, risk, and trust play in an individual's willingness to take action in environmental policy making. The data consist …

Empirical results on the relationship between uncertainty and interfirm cooperation are conflicting. To address this … puzzle, we distinguish between two different sources of uncertainty: primary and behavioral uncertainty. We hypothesize that … the effect of primary uncertainty on interfirm cooperation is moderated by the behavioral uncertainty associated with an …

ambiguity model of decision making under uncertainty developed by Klibanoff, Marinacci and Mukerji (2005).  We revisit these …

form precautionary saving as in the standard theory of saving under uncertainty. …