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Demand uncertainty, endogenous timing and costly waiting : jumping the gun in competitive markets

Deneckere, R.; Peck, J. - Wisconsin Madison - Social Systems - 1998

Persistent link: https://www.econbiz.de/10005281440

Regulating nonlinear environmental systems under Knightian uncertainty

Brock, W.; Xepapadeas, A. - Wisconsin Madison - Social Systems - 2002

Persistent link: https://www.econbiz.de/10005281453

Modelos de mercado: una aplicación de la Teoría de Colas

PARRA FRUTOS, I.; ARANDA GALLEGO, J. - In: Estudios de Economía Aplicada 11 (1999) Febrero, pp. 121-142

models depicting demand and production through stochastic processes, that is, incorporating uncertainty with supply and …

Persistent link: https://www.econbiz.de/10005549569

Liberalization and Primitivization

Bezemer, Dirk - EconWPA - 2005

We note the empirical regularity that market liberalizations cause an initial fall in output, efficiency and value-added. We account for these findings in a model where liberalizations increase systemic risk. We compare it to alternative explanations and discuss implications.

Persistent link: https://www.econbiz.de/10005556021

Project Work Uncertainties and the Boundaries of the Firm

Wadeson, Nigel - Henley Business School, University of Reading - 2008

The effective use of resources in an economy requires both that they are available where and when most needed and that they are kept employed as fully and effectively as possible. A lack of certainty over future resource needs within firms brings these two requirements into conflict. It is...

Persistent link: https://www.econbiz.de/10005558349

The epistemology of modern finance

De Scheemaekere, Xavier - Centre Emile Bernheim, Solvay Brussels School of … - 2006

economics and their connection to risk and uncertainty. Risk-neutral valuation, a direct consequence of Black-Scholes model …, restricts the range of individual and subjective uncertainty by putting a price on replicable risk, thereby conferring to modern … finance ultimately deals with uncertainty itself. The paper sheds light on the articulation of these contrasting aspects. …

Persistent link: https://www.econbiz.de/10005558854

Uncertainty in the Austrian Theory of Capital

Schmitz, Stefan W. - EconWPA - 2002

focuses on the uncertainty of future returns and on uncertainty preferences, instead. Based on the Hayekian idea of the … uncertainty. This result will be derived for a production process characterized by complete vertical integration and one which is …

Persistent link: https://www.econbiz.de/10005561050

Unions, fiscal policy and central bank transparency

Ciccarone, Giuseppe; Bartolomeo, Giovanni Di; … - EconWPA - 2005

. Uncertainty on central bank's preferences induces unions to reduce wages but also produces a fully-anticipated expansionary fiscal …

Persistent link: https://www.econbiz.de/10005561231

Time, knowledge and evolutionary dynamics: why connections matter

Loasby, Brian J. - In: Journal of Evolutionary Economics 11 (2001) 4, pp. 393-412

Time matters because knowledge changes. Knightian uncertainty excludes correct procedures and proven knowledge, but …

Persistent link: https://www.econbiz.de/10005622411

Uncertainty and the size distribution of rewards from innovation

Scherer, F. M.; Harhoff, Dietmar; J, rg Kukies - In: Journal of Evolutionary Economics 10 (2000) 1, pp. 175-200

Previous research has shown that the distribution of profit outcomes from technological innovations is highly skew. This paper builds upon those detailed findings to ask: what stochastic processes can plausibly be inferred to have generated the observed distributions? After reviewing the...

Persistent link: https://www.econbiz.de/10005622476