de Frutos Cachorro, Julia; Erdlenbruch, Katrin; … - In: Journal of Economic Dynamics and Control 40 (2014) C, pp. 134-153
.e. when the date of occurrence of the shock is known, and under uncertainty, when the date of occurrence of the shock is a … random variable. We show that an increase in uncertainty leads to a decrease in precautionary behavior in the short run and … Mancha aquifer in Spain. We show that, in this context, it is advantageous for the water agency to acquire information on the …