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L’objectif de cet article est de montrer que les entreprises optent pour l’agglomération temporelle (en entrant sur un … marché au même moment que leurs concurrents) lorsque l’incertitude concernant le succès de leurs produits est … particulièrement importante. En effet, l’analyse des majors hollywoodiennes de 2000 à 2006 montre que ces entreprises limitent l’incertitude …
Persistent link: https://www.econbiz.de/10008671474
that preferences for copycats, rather than being generally negative, critically depend on consumers’ uncertainty. When … uncertainty about product quality is low, people dislike copycat brands, but this preference reverses when uncertainty is high …
Persistent link: https://www.econbiz.de/10011051371
We propose a framework for analyzing transformations of demand. Such transformations frequently stem from changes in the dispersion of consumers` valuations, which lead to rotations of the demand curve. In a wide variety of settings, profits are a U-shaped function of dispersion. A high level of...
Persistent link: https://www.econbiz.de/10005090674
the firm has more information than consumers, and this fact generates consumer uncertainty due to a possible firm … uncertainty moderate those relations. …
Persistent link: https://www.econbiz.de/10010567209
some prior. It is shown that the more uncertainty averse and the more risk averse, the more likely are efficient …
Persistent link: https://www.econbiz.de/10011072068
subject to considerable revision over time, this paper investigates the uncertainty surrounding projections and early outturn … are relatively moderate. Despite the uncertainty attached to gap estimates, they remain useful for policymakers, helping … du temps les estimations des écarts de croissance et de chômage sont souvent révisées, ce papier évalue l’incertitude qui …
Persistent link: https://www.econbiz.de/10005046234
Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity …...<P>Le gouvernement et le marché pour les titres indexés sur la longévité<BR>L'incertitude sur la durée de vie, le risque de longévité …
Persistent link: https://www.econbiz.de/10004962914
phenomenon. Uncertainty, in the form of an increase in the spread of agents' types, tends to reduce investment despite symmetric … du capital est différent pour une hausse que pour une baisse du stock. L'incertitude, qui prend la forme d …
Persistent link: https://www.econbiz.de/10005100822
What is a rational decision-maker supposed to do when facing an unfamiliar problem, where there is uncertainty but no … different predictions about trading behavior in a simple asset market under uncertainty. A controlled laboratory experiment …'il existe une certaine incertitude, et en l'absence d'une base sur laquelle effectuer des estimations probabilistes? Une …
Persistent link: https://www.econbiz.de/10005100945
The real options approach considers strategic management and decision-making as a process aimed at actively reducing exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and other areas of decision making under risk such as...
Persistent link: https://www.econbiz.de/10005079348