|
|
Endogenous uncertainty |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Endogenous uncertaintyDescribes factors within the control of the firm, such as a decision to reveal information about price or input costs. Converse of exogenous.Endogenous uncertainty Similar MatchesUncertaintyUncertaintyFailure to know anything that may be relevant for an economic decision, such as future variables, details of a technology, or sales. In models, uncertainty usually appears as a random variable and corresponding probability density function. But in practice, most international models, especially of trade, assume certainty. Price uncertaintyPrice uncertaintyChance that the future price of an asset will change. Inflation uncertaintyInflation uncertaintyThe fact that future inflation rates are not known. It is a possible contributing factor to the makeup of the term structure of interest rates. |
|
|
|