in our one-period framework. We show how the introduction of global uncertainty reduces the investment of the risk …In this article we study the effect of uncertainty on an entrepreneur who must choose the capacity of his business … neutral entrepreneur and, even more, that the risk averse one. We also show how marginal increases in risk reduce the optimal …

In this paper, I first provide a unifying approach to Mean-Variance analysis and Value at Risk, which highlights their …

In this paper, we compare the attitude towards current risk of two expected-utility-maximizing investors that are …

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … propagates to the whole economy triggering an investments upswing. likewise, unsuccessful innovations can trigger a downswing. …

A firm-level sequential investment model is developed to analyze how uncertainty about environmental policies in the …

uncertainty. Hence, investors need valuing the flexibility to change decisions as uncertainty unfolds progressively. Real option …

risk-aves agents. In this framework, deposits are needed to provide insurance against investors'unexpected demand for …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …