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In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …
Persistent link: https://www.econbiz.de/10010189451
persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …
Persistent link: https://www.econbiz.de/10011756135
investment (FDI) from its trend. Moreover, despite the quick recovery of local sales, Japanese MNCs in China have continued to …
Persistent link: https://www.econbiz.de/10011554377
Two agents are engaged in a joint activity that yields a common perperiod payoff at two rounds of play. The expert announces the probability that the current state of the world is low, instead of high, at each stage. Having received the report of the expert, the decision-maker takes action at...
Persistent link: https://www.econbiz.de/10008747722
uncertainty with respect to his forecasts. When E is interested in action too, reputational concerns mitigate exaggerated reports. …
Persistent link: https://www.econbiz.de/10014390247
Anscombe and Aumann (1963) offer a definition of subjective probability in terms of comparisons with objective probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes that the subjective probability of an event is...
Persistent link: https://www.econbiz.de/10013264885
We analyze the investment behavior of private clients concerning structured products. To ascertain their stated and … the questionnaire are that a product described by the investment motives in simple words heavily motivates people to … are described in the traditional, technical style. Finally, the sizes and distribution of the investment amounts turns out …
Persistent link: https://www.econbiz.de/10005858052
irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business …
Persistent link: https://www.econbiz.de/10010189446
revised. Implicitly, the possibility of data revisions creates an element of uncertainty around the very same data driving … policy decisions. Given that such uncertainty could be mitigated if data revisions were predictable, this paper sets out to …, contemporaneous and (forecasted) future Maltese output data could be interpreted in real time. The uncertainty surrounding these …
Persistent link: https://www.econbiz.de/10014461449
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …
Persistent link: https://www.econbiz.de/10011603136