-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show … provided uncertainty and foreign direct investment costs are low. …

. The presence of demand uncertainty and irreversibility gives rise to an interior solution, whereby the multinational does …

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

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … uncertainty, as firms place a greater value on the option to wait. Using simulated data we show that this more cautious behaviour … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

start from the premise that adaptation to uncertainty cannot be contracted upon in the worker - employer relationship … volatility of firm sales and employment; it does not, however, amplify aggregate uncertainty. This theory is therefore a good … candidate in explaining the rise in firm level uncertainty witnessed in the US over the past 30 years. It also provides valuable …