The real options framework has been used extensively to analyze the timing of investment under uncertainty. While …-inconsistent preferences. Two opposing forces determine investment timing: while evolving uncertainty induces entrepreneurs to defer investment …

effect of uncertainty on investment, how these option values change in response to shifts of the distribution of future …

workers. We show that this flexibility can help new firms overcome uncertainty and increase entrepreneurial entry. We develop …

Fisheries. The model includes two sources of uncertainty: the resource biomass and the price of fish, and it can be used by …

We analyze the effectiveness of preventive investments aimed at increasing agents' life expectancy, with a focus on … equalize investments' marginal effectiveness. Based on estimates for the marginal effectiveness of influenza vaccines, we … determine the level of COVID-19 mitigation investments that would imply such equalization. Given current projections for COVID …

typical for R&D investments and mine or oil exploration projects. These types of projects are characterized by significant on …

We examine the extent to which uncertainty delays investment and the effect of competition on this relationship using a … idiosyncratic and systematic risk lead developers to delay new real estate investments. Empirically, a one-standard deviation …

analysis. I will be particularly concerned with the role of uncertainty. When market conditions evolve unpredictably (as they …