. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …

. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …

important but often neglected element of micro- and macroeconomic theory. With the onset of the financial crisis in 2007 and the … of uncertainty in macroeconomic models against the background of the theory of real option values, with a strong focus on … crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article …