A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … the U.S. Census Bureau for approximately 25,000 manufacturing plants. We find three key results. First, investment is … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …

opposite of what is appropriate for the decision. We illustrate the conflict by studying multi-period investment problems. The …

. In this paper we analyze how this affects firms' incentives to invest in quality when the outcome of investment is … fail to live up to consumers' more demanding expectations, makes investment less attractive. We show that reducing the …

choices, such as plant location, R and D investment, and new marketing programs. The second novelty is represented by the … choices, but also focuses on the impact of taxation on discrete choices, such as plant location, R and D investment, and new …

-claims analysis, stochastic game theory, as well as novel numerical methods. The text re-initiates a discussion about the contribution … contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent … advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a …