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Analysing economic efficiency of farm production always faces a problem of insufficient information. This is particularly true when the analysis is performed on the reference farm where estimates are ...
The role of strategic delay is analyzed in an infinite-horizon alternating-offer model of bargaining. A buyer and seller are engaged in the trade of a single object. Both bargainers have private info...
We analyze the demand for emissions allowances and the supply of allowances and abatement opportunities in California's 2013-2020 cap and trade market for greenhouse gases (GHG). We estimate a coin...
This paper examines the empirical validity of a model of homogeneous input demand under price uncertainty in which firms trade off expected input cost against its variability (risk) in selecting t...
Fluctuations in Uncertainty     Fluctuations  Uncertainty       2015/7/15
Fluctuations in Uncertainty.
We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage. Our index spikes near tight presidential elections, after both Gulf wars, the 9/11 attacks, and during governme...
In the paper, there is analysed one particular approach to the modelling uncertainty in the project management through an original version of the fuzzy CPM (Critical Path Method). First there is shown...
The framework of this paper is that of uncertainty, that is when no reference probability measure is given. To every convex regular risk measure $\rho$ on ${\cal C}_b(\Omega)$, we associate a canonica...
The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fi...
Perceived environmental uncertainty (PEU) is an important construct in behavioral research that has been widely studied. Critics argue that management should be used in the measurement of PEU, thoug...
AbstractReturns policies are often thought of as devices to prevent a manufacturer’s product from being discounted. It is commonly argued that such discounting discourages inventory holdings, and ther...
The concept of materiality provides a basis for auditors to ignore small misstatements, but the definition of "small" in this context is ambiguous. The issue of "materiality-standard-setting" has been...

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