variables of the investment decision process. We also account for the risk and uncertainty inherent in volatile energy prices …In this paper we develop an economic model that explains the decision-making problem under uncertainty of an industrial … investment in a combined heat-and-power production (cogeneration) system, or to invest in a conventional heat-only generation …

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … Belgian manufacturing firms. In general, the results confirm former analysis at the aggregate level, stating that uncertainty … defined. It is shown that uncertainty has mainly an impact on the decision to invest and to a much lesser extent on the amount …

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical …

such applications, a key role is played by complementarities in the process of innovation. …

of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross … of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …