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approach to a multicriterion analysis in context on uncertainty, After illustrating the a posteriori analysis, we shall mention …
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demand uncertainty. We allow for demand shocks that, while increasing expected profit, impede learning. The firm learns …, examine how they depend on the technology parameters and the structure of uncertainty and show that learning alone may explain … the S-shape of these paths. Immediate investment is possible despite the presence of demand uncertainty, if there are …
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We survey the recent literature on learning in financial markets. Our main theme is that many financial market phenomena that appear puzzling at first sight are easier to understand once we recognize that parameters in financial models are uncertain and subject to learning. We discuss phenomena...
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. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding …Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain …
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In an uncertain business climate, multinational enterprises must take account of future exit costs in deciding where to locate a branch plant. We study how differences in national labour-market conditions between countries influence this decision. Other things equal, the most attractive location...
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