crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article …Abstract: The impact of uncertainty on the decision-making of economic agents, such as firms and households, is a … strong increase in uncertainty that accompanied it, the theoretical analysis of this phenomenon has become more important …

investment ratio in years with no state election. Firms however seem to anticipate electoral uncertainty already when making … investment plans and hardly revise their plans. Chapter 4 examines whether political uncertainty influences how firm owners … current business conditions, transfer ownership at higher rates than others. Chapter 3 investigates how political uncertainty …