.Kulatilaka and Perotti [1998, Management Science] nd that, in a two-period model, increased product market uncertainty could … increases with uncertainty.In contrast with the two-period model, despite the existence of the strategic option of becoming a … market leader due to a lower marginal cost, more uncertainty always increases the expected time to invest.Furthermore, it is …

Organization), the analysis of the e.ects of uncertainty within this field is yet underdeveloped.This paper shows that the new … regarding asymmetry, technology adoption and decreasing uncertainty over time are reviewed.Among others, it is found that the …

This paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of output and … inflation. Monetary policy uncertainty is modeled as a shock to the central banker’s preference for inflation stabilization … increase with the variance of this preference shock. However, unlike other studies, we find that monetary uncertainty may very …

toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns … residual profits, utilizes an uncertain technology and hires a worker who may only be partially isolated from uncertainty … the nature of the firm. The relationship between technological uncertainty and the nature of the firm is able to explain …

argument becomes defensible after the relationship between risk and uncertainty is understood, after the dynamic interaction of …