Similar Search Results

Torgler, Benno - 2010

Keizer, Lindenberg and Steg (2008) conduct six interesting field experiments and report that their results provide evidence of the broken windows theory. Such an analysis is highly relevant as the (broken windows) theory is both controversial and lacking empirical support. Keizer et al.’s key...

Persistent link: https://www.econbiz.de/10009438090

The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge

Jeon, Yongil; Kim, Taekwon; Miller, Stephen M. - 2004

FDI. The uncertainty and irreversibility of FDI links the time interval between permission and actual execution of such …

Persistent link: https://www.econbiz.de/10009430021

Option and Non-Use Values of Environmental Assets

Beltratti, Andrea; Chichilnisky, Graciela; Heal, Geoffrey - 1992

It is widely recognized that the value of environmental assets such as biodiversity, unique locations and the atmosphere may be hard to quantify. In particular, option values, quasi-option values and non-use values have been the subject of extensive discussion. We propose here an evaluation of...

Persistent link: https://www.econbiz.de/10009472282

INCORPORATING RISK PREFERENCES INTO REAL OPTIONS MODELS

Isik, Murat - 2004

This paper develops a framework to link the expected utility analysis to real options models in order to capture the … joint effects of risk aversion and irreversibility associated with real investments. It aims at modifying the theory of … risk aversion, uncertainty and irreversibility on decisions such as investment and resource allocations. It addresses the …

Persistent link: https://www.econbiz.de/10009443612

Investment Reluctance: Irreversibility or Imperfect Capital Markets? Evidence from German Farm Panel Data

Huettel, Silke; Musshoff, Oliver; Odening, Martin - 2007

options theory asserts that the interaction of irreversibility, uncertainty and flexibility may also result in investment …

Persistent link: https://www.econbiz.de/10009444950

The analytical foundations of evolutionary economics: From biological analogy to economic self-organisation

Foster, J. - 1997

entropy law. It deals with non-equilibrium structural change, as found in historical experience, not timeless Newtonian … encompasses time irreversibility, structural change and fundamental uncertainty in an analytical framework which can be used in … and it can give spontaneous order an explicit process meaning. A wide range of institutionalist insights can be translated …

Persistent link: https://www.econbiz.de/10009448733

Economics and the diffusion of communication and information technologies: Joseph Schumpeter and the self-organisation approach

Foster, J. - 1997

Economic motivations and economic processes play a key role in the emergence and diffusion of communication and information technologies. The objective of this paper is to offer an economic approach which is better suited to understanding such motivations and processes within an...

Persistent link: https://www.econbiz.de/10009448734

Interpreting Ecological Economics in the Neoclassical Paradigm: Limits to Substitution and Irreversibility in Production and Consumption

Stern, David I - 1996

, various authors have also expressed concerns regarding limits to substitution in consumption. Ideas about irreversibility in …

Persistent link: https://www.econbiz.de/10009451604

Order information system with multidimensional demand forecasting

Bencevičius, Edgaras - 2005

In current work problems and requirements for demand forecasting in commercial or manufacturing enterprises are analyzed and suitable forecasting algorithms are proposed. In enterprises with multidimensional and heterogeneous demand it is advisable to use different algorithms for different...

Persistent link: https://www.econbiz.de/10009478233

Entropy Based Moment Selection in Generalized Method of Moments

Shin, Changmock - 2005

high probabilities and improves the quality of the post-selection inferences; when the candidates are in order of their …

Persistent link: https://www.econbiz.de/10009431183