Economic theory suggests some ambiguity concerning the effects of strengthening Intellectual Property Rights IPRs on international trade. Here the empirical literature is extended that attempts to resolve this ambiguity. Panel data is used to estimate a gravity equation for manufacturing exports, in aggregate and by industry, from five advanced countries...
When ambiguity averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news. They also dislike assets for which information quality is poor, especially when the underlying fundamentals are...
Much has been written about the ambiguities associated with such things as what is a project, how do you measure success, and who needs to know what. This perception of ambiguity is caused primarily by the different corporate cultures and degrees of maturity regarding project management and general management practices...
A court’s first step in interpreting allegedly ambiguous insurance contract language is to determine whether there is in fact an ambiguity. This initial step involves considering so-called allegedly ambiguous terms not in the abstract, but rather in the context of the written policy itself. Thus, courts will employ standard contractual...
This paper describes the results of a high stakes experiment with real money where subjects indicate how much they would be willing to pay for insurance to protect themselves against the possibility of losing 2,000 DM (about US$1,200) should a low probability event, with either exact or ambiguous probability, occur....
This paper presents a smooth model of decision making. One advantage of this model is that the well-developed machinery for dealing with risk attitudes can be applied as well to ambiguity attitudes. The model is also distinct from many in the literature on ambiguity in that allows smooth, rather than...
In this article, one studies about intertemporal portfolio choice when an investor accounts explicitly for model misspecification. It develop a framework that allows for ambiguity about not just the joint distribution of returns for all stocks in the portfolio, but also for different levels of ambiguity for the marginal distribution...
On the basis of a low probability insurance experiment with substantial money on the line, this paper demonstrates that concern is an important driver of willingness to pay WTP for insurance when there is ambiguity surrounding the estimate. Concern still plays an important role when probabilities are given precisely. This...
A proactive strategizing practice in the face of uncertainty and ambiguity deduced as the appropriate rationale under these conditions, as well as its foundation in an emerging organizational knowledge base, allows new ventures to learn from early positive and negative experiences, leading to a coherent strategizing practice over time, as...
Juris Publishing (Huntington, NY) has published The New Law of Negotiable Instruments, an 800-page volume that is designed to assist practitioners in identifying the ambiguities inherent in the law of negotiable securities. Including the examination Juris Publishing (Huntington, NY) has published The New Law of...
Vodafone Plc said it would complete the Hutchison Essar HEL deal only when the ambiguities regarding the telco's shareholding setup are cleared. They categorically said that minority shareholders Asim Ghosh and Analjit Singh would need to be in completeVodafone Plc said it would complete the Hutchison Essar HEL deal only...
INTRODUCTION One of the main purpose in agents communication is to achieve the goals better (10). Suppose that in response to a query, each agent can produce a response set which has a level of uncertainty. Uncertainty in agent response may be attributed to two main reasons, namely,...
Web 2.0 Talent Management Application for Businesses Ensures That Workforce is Constantly Aligned with Company Goals, Structure and Culture BROOKLINE, Mass. -- Zapoint[TM], provider of the Web's first Talent Platform, now offers Zapoint Enterprise, giving executives a powerful new tool for identifying, hiring, managing and retaining individuals who...
Avant-garde Jewish-Argentinian composer whose absurdist works turned convention on its head "With humour it becomes possible to express a wide spectrum of ideas" - an unusual thought for a contemporary composer. But then Mauricio Kagel was an unusual composer, his standing as perpetual outsider giving him...
This is the strangest Labour conference for decades. In the past there have been triumphant gatherings. There have also been bloody ones. The conference in Manchester defies such easy definition. It is grimly subdued and yet excited. There are displays of loyalty to Gordon Brown inside the hall, while his...
EIFS Industry Members Association reports ICC decision coupled with results of recent Dept. of Energy study puts to rest any doubts about product's quality and performance MORROW, Ga., Sept. 22 /PRNewswire/ -- Exterior Insulation and Finish Systems EIFS have been approved for inclusion in the 2009 IBC...
THE DAD TAPES/THE MOM PHOTOGRAPHS: KIM WALDRON Co-production of Galerie Werner Whitman and Articule Special Projects, Montreal After being shown at, the Eastern Edge Gallery in St. John s, Newfoundland, Kim Waldron's exhibition The Dad Tapes/ The Mom Photographs leaves the traditional gallery space in favour...
[ILLUSTRATION OMITTED] A few readers looked askance at our Summer 2008 mystery photo. The picture was composed so that a twin-engined airplane, when viewed from the side and behind, appeared to be a single-engined craft. Our follow up photo, from Beech Aircraft Co., resolves this ambiguity. The plane...
He's unlikely to miss the money, but Bill Gates is coming to terms with the fact that neither Jerry Seinfeld, nor a $300m (160m) investment, can succeed in making him look cool. The world's richest man has axed Microsoft's bizarre new television commercial, in which he starred...
Well, one of them would. The others sell ads, paper—or drugs. We should watch the company we keep. When we made the guest list for this year’s Emmy roundtable, we knew it wouldn’t be too hard to break the ice. Three of our nominees, Rachel Griffiths (“Brothers and...
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