Results 261 to 270 of about 1,008,563 (288)

The price of uncertainty

Proceedings of the 10th ACM conference on Electronic commerce, 2009
In this work, we study the degree to which small fluctuations in costs in well-studied potential games can impact the result of natural best-response and improved-response dynamics. We call this the Price of Uncertainty and study it in a wide variety of potential games including fair cost-sharing games, set-cover ...
Maria-Florina Balcan, Avrim Blum, Yishay Mansour   +2 more
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OIL, UNCERTAINTY, AND GASOLINE PRICES [PDF]

Macroeconomic Dynamics, 2016
In this paper we investigate the relationship between crude oil and gasoline prices and also examine the effect of oil price uncertainty on gasoline prices. The empirical model is based on a structural vector autoregression that is modified to accommodate multivariate GARCH-in-Mean errors.
Dongfeng Chang, Apostolos Serletis
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Price-taker bidding strategy under price uncertainty

2003 IEEE Power Engineering Society General Meeting (IEEE Cat. No.03CH37491), 2002
This paper provides a framework to obtain the optimal bidding strategy of a price-taker producer. An appropriate forecasting tool is used to estimate the probability density functions of next-day hourly market-clearing prices. This probabilistic information is used to formulate a self-scheduling profit maximization problem that is solved taking ...
Antonio J. Conejo, Francisco J. Nogales, Jose M. Arroyo   +2 more
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Oil Price Uncertainty

Journal of Money, Credit and Banking, 2010
The theories of investment under uncertainty and real options predict that uncertainty about, for example, oil prices will tend to depress current investment. We reinvestigate the relationship between the price of oil and investment, focusing on the role of uncertainty about oil prices.
JOHN ELDER, APOSTOLOS SERLETIS
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UNCERTAINTY IN PRICING TRADABLE OPTIONS

International Journal of Theoretical and Applied Finance, 2003
In this paper we introduce an options pricing model consistent with the level of uncertainty observed in the options market. By assuming that the price at which an option can be traded is intrinsically uncertain, either because of the inability to hedge continuously or because of errors in the estimation of the security's volatility and interest rates,
Sobehart, Jorge R., Keenan, Sean C.
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Consumer's Surplus and Price Uncertainty

International Economic Review, 1987
This paper investigates the conditions under which expected equivalent variation provides a correct ranking of stabilized and uncertain price situations. Expected equivalent variation can be recovered from ordinal preferences whereas ex ante equivalent variation requires additional information regarding con sumer attitudes toward income risk.
Choi, Eun Kwan, Johnson, Stanley R
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Price uncertainty and corporate value

Journal of Corporate Finance, 2001
Abstract This study examines the sensitivity of equity values of oil producers to changes in the uncertainty of future oil prices. We document that this sensitivity is negatively correlated with a firm's debt ratio and its production costs. These results indicate that companies that are more likely to experience financial distress or underinvestment ...
David Haushalter, Randall A Heron, Erik Lie   +2 more
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Carbon price prediction under output uncertainty

Environmental Science and Pollution Research, 2021
Output growth uncertainty is a key issue in climate economics, involving the full range of impacts from emissions, through temperature changes to economic damage. The current study introduces output growth uncertainty into the EZ climate model, in which the predicted global carbon emissions under output growth uncertainty are used as weighted input ...
Na Liu, Futie Song
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Intertemporal Asset Pricing under Knightian Uncertainty

Econometrica, 1994
Summary: In conformity with the Savage model of decision-making, modern asset pricing theory assumes that agents' beliefs about the likelihoods of future states of the world may be represented by a probability measure. As a result, no meaningful distinction is allowed between risk, where probabilities are available to guide choice, and uncertainty ...
Epstein, Larry G, Wang, Tan
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Ticket Pricing under Demand Uncertainty

The Journal of Law and Economics, 2003
Abstract This paper studies the case of a monopolist who sells tickets to consumers who learn new information about their demands over time. The monopolist can sell early to uninformed consumers and/or close to the event date to informed ones, or it can ration tickets and allow ticket holders to resell. I show that rationing and intertemporal sales are
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