receiving quantitative estimations of tension of international relations which are necessary for making investment decisions. We …

In project appraisal under uncertainty, the economic reliability of a measure of financial efficiency depends on its … that the average return on investment (ROI) is not strongly NPV-consistent in accept-reject decisions if the working …

R&D investment are an important engine of growth and development. Yet economists have often claimed underinvestment … evidence, we study the effects of asymmetric information and financial frictions on R&D investment within a dynamic GE economy … of Shumpeterian tradition. The model and equilibrium concept we propose is rich enough to represent investment and …

external financing for innovations in these entities. The implementation of innovative investment projects positively …

-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss …

equally complex network of actors and systems (human and technological) that are confronted, in real time, with uncertainty …

This paper investigates the effects of uncertainty emanating from technological im-provements on the optimal lifetime … technological change. From the analysis it turns out that in general this type of uncertainty shortens the optimal lifetime of … assets. More specifically, the analysis shows that: replacement under uncertainty leads to optimal lifetimes of assets that …