the uncertainty the agent is confronted with. Moreover, we find that ambiguity aversion tends to decrease the agent … of uncertainty: market size uncertainty and competitive effect uncertainty. We apply our model on the bioenergy … industries. We compare the case of an ambiguity neutral agent with that of an ambiguity adverse agent. We show that the …

uncertainty the agent is confronted with. Moreover, we find that ambiguity aversion tends to decrease the agent's optimal levels … of uncertainty: market size uncertainty and competitive effect uncertainty. We apply our model on the bioenergy … industries. We compare the case of an ambiguity neutral agent with that of an ambiguity averse agent. We show that the investment …

context of uncertainty and ambiguity. …We analyse the decision of an agent to invest in industrial activities characterized by two forms of uncertainty …: market size uncertainty and price uncertainty. We use bioenergy industries for an application of the model. Indeed, the …

markets. The weather-driven uncertainty of renewable forecast errors could have price increasing impacts. This research sets … weather types and their renewable production uncertainty is proved via empirical methods. Weather types are identified in … which renewable production is harder to predict. The findings connect weather dependent renewable forecast uncertainty to …

markets. The weather-driven uncertainty of renewable forecast errors could have price increasing impacts. This research sets … weather types and their renewable production uncertainty is proved via empirical methods. Weather types are identified in … which renewable production is harder to predict. The findings connect weather dependent renewable forecast uncertainty to …

In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial … variables of the investment decision process. We also account for the risk and uncertainty inherent in volatile energy prices …

s/he gets the opportunity to acquire information in order to reduce her/his uncertainty. We find that the agent always …