This paper examines the effects of uncertainty and flexible labour contracts on the Research and Development (R …&D outlays. Moreover, as predicted by the real options theory, our results suggest that product market uncertainty reduces R …&D efforts and that flexible labour contracts countervail the adverse effect of uncertainty on R&D. …

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …

cost of restoration and uncertainty about irreversibility. All of the results to this point are for models with just two … introduce relevant dynamic elements to the general problem of decisions under uncertainty. We analyze actions that may have … essential to establish the direction of the bias. We also use Epstein's framework to look at issues such as uncertainty about …

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …

taxes on investment timing under uncertainty and irreversibility and the propensity to carry out risky projects. Using a …

larger than the adoption threshold under fixed quota, even in a setting characterized by ecological uncertainty and ambiguity …