-contingent consumer's surplus and the state-contingent marginal utility of wealth and a second term representing risk aversion. This … consumer's surplus is determined by the covariance between preferences and consumer's surplus and risk aversion. The sign of …. We then apply this result to the allocation of risk in the context of both public and private goods. In Section 3, we …

We develop indices of Twitter-based Chinese Climate Uncertainty (TC-CU) and Climate Policy Uncertainty (TC-CPU). Our …, among many others. We find that TC-CPU is associated with future US climate uncertainty and attention measures while US …

uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …

This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously … increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we … are contributing to the deepening global distribution of uncertainty in the advanced world by establishing a vicious …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …

. Hence, both Alice and the uninformed expert face uncertainty: they do not know the payoff-relevant probability. Alice offers … analysis of contracts under risk, where separation is often feasible. …

produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …&D portfolio. The resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assump …

produced by climate-economy models while introducing the dimension of uncertainty in innovation efforts, without succumbing to … personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of innovation to … resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assumptions on crowding …