This paper statistically tests the option theory of irreversible investment under uncertainty. Using contingent claims …

A significant part of the patents held by a firm are not used. We show that, given the uncertainty of invention quality … uncertainty while it increases with the average quality of an invention. We find empirical evidence supportive of these …

(consequents) of the subsequent outcome may bring a level of uncertainty to the judgement-making process by the decision maker … undertaken to accommodate the inherent uncertainty. Developments are made to the FAHP method utilised to consider the preference …

–2004 with respect to power distribution and its uncertainty. A discrepancy between a-priori computed power indices and outcome … of voting leads to necessity to reveal the possible source of uncertainty. This paper studies uncertainty in party … loyalty, presence and creation of hidden coalitions and explains the addition of these uncertainty issues to computation of …

Several recent studies have shown that uncertainty affects investment decisions. Specifically, demand and/or price … uncertainty are found to depress corporate investment in e.g. the United States. This paper investigates whether similar results … constraints. Uncertainty of demand, output prices and investment prices are measured by the standard deviation of (pre …

We propose a novel approach to estimate household income uncertainty at various future horizons and characterize how … the estimated uncertainty evolves over the life cycle. We measure income uncertainty as the variance of linear forecast …

-neutral or risk-averse behaviour. Key theoretical results are that because of emissions uncertainty, there is no simple Weitzman … (1974) rule for choosing between 'prices' (a tax) to 'quantities' (ET); under ET, marginal abatement cost uncertainty is a … new uncertainty estimates. Key global, empirical results are that under either risk behaviour, a tax dominates ET, which …