We study the effect of environmental risk on the extraction of a common resource. Using a dynamic and non … commons. On the one hand, a risk of a reduction in the renewability induces the agents to extract less in the present. On the … other hand, a risk of a deterioration in the quality of the resource induces the agents to extract more in the present. We …

risk management, however the level of demand for respective projects remains low. Using behavioural games and a discrete …, risk aversion, levels of trust and previous disaster experience impact the individual demand for flood insurance in rural …

of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative … channel of uncertainty - data uncertainty. This paper adds on the uncertainty literature and focuses on data uncertainty …, which originates in the revision structure of data. We find that apart from the general and economic policy uncertainty, the …

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. …

uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …

there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … profitable if and only if uncertainty is sufficiently great. As regards the social desirability of mergers, it is found that a …