central result of the work by Backus and Driffill and by Barro is that the uncertainty may provide an incentive for the … in two ways. First, it considers a model in which the uncertainty about the government's preferences is somewhat more … exactly the policy measures taken by the government. The analysis of the more general model of uncertainty about preferences …

develop a model that incorporates central features of Knickerbocker's story-oligopoly, uncertainty, and risk aversion …

inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation …

uncertainty, deterring potential trainees, or labour market imperfections that create external benefits for firms. This paper …

King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present … an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect …

then used to characterize the evolution of expectations and uncertainty, the propagation of the shocks, the contribution of …, I show how the methods can be used to capture the link between uncertainty and the state of the economy. Finally, I …, welfare, and uncertainty. All results are derived analytically, do not require numerical integration, and are therefore …

This paper shows that uncertainty can lead firms to follow a gradual internationalization process. We describe a model …

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … a real option value of waiting to enter foreign markets until conditions improve or uncertainty is resolved. Using a …

A fruitful emerging literature reveals that shocks to uncertainty can explain asset returns, business cycles and … financial crises. The literature equates uncertainty shocks with changes in the variance of an innovation whose distribution is … uncertainty as the conditional standard deviation of GDP growth, which captures uncertainty about the distribution’s estimated …