Research on the energy-saving and revenue sharing strategy of ESCOs under the uncertainty of the value of Energy Performance Contracting Projects
Author
Abstract
Suggested Citation
DOI: 10.1016/j.enpol.2014.05.013
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Rubinstein, Ariel, 1982.
"Perfect Equilibrium in a Bargaining Model,"
Econometrica, Econometric Society, vol. 50(1), pages 97-109, January.
- Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 661465000000000387, David K. Levine.
- Ariel Rubinstein, 2010. "Perfect Equilibrium in a Bargaining Model," Levine's Working Paper Archive 252, David K. Levine.
- Edward Vine & Jayant Sathaye, 1999. "The Monitoring, Evaluation, Reporting and Verification of Climate Change Projects," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 4(1), pages 43-60, March.
- Antonio Merlo & Xun Tang, 2012. "Identification and Estimation of Stochastic Bargaining Models," Econometrica, Econometric Society, vol. 80(4), pages 1563-1604, July.
- Elizabeth Junqueira Durango-Cohen & Candace Arai Yano, 2006. "Supplier Commitment and Production Decisions Under a Forecast-Commitment Contract," Management Science, INFORMS, vol. 52(1), pages 54-67, January.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Shaked, Avner & Sutton, John, 1984. "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model," Econometrica, Econometric Society, vol. 52(6), pages 1351-1364, November.
- Xu, Pengpeng & Chan, Edwin Hon-Wan & Qian, Queena Kun, 2011. "Success factors of energy performance contracting (EPC) for sustainable building energy efficiency retrofit (BEER) of hotel buildings in China," Energy Policy, Elsevier, vol. 39(11), pages 7389-7398.
- Hassett, Kevin A. & Metcalf, Gilbert E., 1993. "Energy conservation investment : Do consumers discount the future correctly?," Energy Policy, Elsevier, vol. 21(6), pages 710-716, June.
- Muthoo,Abhinay, 1999. "Bargaining Theory with Applications," Cambridge Books, Cambridge University Press, number 9780521576475, January.
- Lin, Tyrone T. & Huang, Shio-Ling, 2010. "An entry and exit model on the energy-saving investment strategy with real options," Energy Policy, Elsevier, vol. 38(2), pages 794-802, February.
- Ansar, Jasmin & Sparks, Roger, 2009. "The experience curve, option value, and the energy paradox," Energy Policy, Elsevier, vol. 37(3), pages 1012-1020, March.
- Metcalf, Gilbert E., 1994. "Economics and rational conservation policy," Energy Policy, Elsevier, vol. 22(10), pages 819-825, October.
- He, Yuanjie & Zhang, Jiang, 2010. "Random yield supply chain with a yield dependent secondary market," European Journal of Operational Research, Elsevier, vol. 206(1), pages 221-230, October.
- Bannai, Masaaki & Tomita, Yasushi & Ishida, Yasushi & Miyazaki, Takahiko & Akisawa, Atsushi & Kashiwagi, Takao, 2007. "Risk hedging against the fuel price fluctuation in energy service business," Energy, Elsevier, vol. 32(11), pages 2051-2060.
- Bertoldi, Paolo & Rezessy, Silvia & Vine, Edward, 2006. "Energy service companies in European countries: Current status and a strategy to foster their development," Energy Policy, Elsevier, vol. 34(14), pages 1818-1832, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Matheus Koengkan & José Alberto Fuinhas, 2022. "Heterogeneous Effect of “Eco-Friendly” Dwellings on Transaction Prices in Real Estate Market in Portugal," Energies, MDPI, vol. 15(18), pages 1-18, September.
- Fan, Yuling & Xia, Xiaohua, 2018. "Building retrofit optimization models using notch test data considering energy performance certificate compliance," Applied Energy, Elsevier, vol. 228(C), pages 2140-2152.
- Ouyang, Jianjun & Fu, Jie, 2023. "Energy-saving and subsidy policy decisions for double competition manufacturers," Energy Economics, Elsevier, vol. 117(C).
- Wenjie Zhang & Hongping Yuan, 2019. "Promoting Energy Performance Contracting for Achieving Urban Sustainability: What is the Research Trend?," Energies, MDPI, vol. 12(8), pages 1-18, April.
- Xinxin Liu & Xiaosheng Wang & Haiying Guo & Xiaojie An, 2021. "Benefit Allocation in Shared Water-Saving Management Contract Projects Based on Modified Expected Shapley Value," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(1), pages 39-62, January.
- Li Cui & Siwei Guo & Hao Zhang, 2020. "Coordinating a Green Agri-Food Supply Chain with Revenue-Sharing Contracts Considering Retailers’ Green Marketing Efforts," Sustainability, MDPI, vol. 12(4), pages 1-16, February.
- Atieh Fander & Saeed Yaghoubi, 2022. "Mathematical models for mobile network member’s coordination through coverage development-based contract," Flexible Services and Manufacturing Journal, Springer, vol. 34(3), pages 670-708, September.
- Xu, Yelin & Chan, Albert P.C. & Xia, Bo & Qian, Queena K. & Liu, Yong & Peng, Yi, 2015. "Critical risk factors affecting the implementation of PPP waste-to-energy projects in China," Applied Energy, Elsevier, vol. 158(C), pages 403-411.
- Shang, Tiancheng & Zhang, Kai & Liu, Peihong & Chen, Ziwei & Li, Xiangpeng & Wu, Xue, 2015. "What to allocate and how to allocate?—Benefit allocation in Shared Savings Energy Performance Contracting Projects," Energy, Elsevier, vol. 91(C), pages 60-71.
- Fang Dong & Chengdong Shi & Weitong Yu, 2022. "Coordinated Decision-Making in Embedded Supply Chain from a Sustainable Development Perspective," Sustainability, MDPI, vol. 15(1), pages 1-19, December.
- Shang, Tiancheng & Liu, Peihong & Guo, Junxiong, 2020. "How to allocate energy-saving benefit for guaranteed savings EPC projects? A case of China," Energy, Elsevier, vol. 191(C).
- Zhou, Yuanrong & Evans, Meredydd & Yu, Sha & Sun, Xiaoliang & Wang, Juemin, 2020. "Linkages between policy and business innovation in the development of China's energy performance contracting market," Energy Policy, Elsevier, vol. 140(C).
- Lu, Zhijian & Shao, Shuai, 2016. "Impacts of government subsidies on pricing and performance level choice in Energy Performance Contracting: A two-step optimal decision model," Applied Energy, Elsevier, vol. 184(C), pages 1176-1183.
- Zheng, Saina & Zhai, Haibo & Hsu, Shu-Chien & Armanios, Daniel Erian, 2024. "Uneven distribution in energy conservation services through performance contracts in China," Energy Policy, Elsevier, vol. 187(C).
- Hongquan Ruan & Xin Gao & Chaoxuan Mao, 2018. "Empirical Study on Annual Energy-Saving Performance of Energy Performance Contracting in China," Sustainability, MDPI, vol. 10(5), pages 1-25, May.
- Ke, Ming-Tsun & Yeh, Chia-Hung & Su, Cheng-Jie, 2017. "Cloud computing platform for real-time measurement and verification of energy performance," Applied Energy, Elsevier, vol. 188(C), pages 497-507.
- Guangyuan Xing & Dong Qian & Ju’e Guo, 2016. "Research on the Participant Behavior Selections of the Energy Performance Contracting Project Based on the Robustness of the Shared Savings Contract," Sustainability, MDPI, vol. 8(8), pages 1-13, July.
- Jorge Natividade & Carlos Oliveira Cruz & Cristina Matos Silva, 2022. "Improving the Efficiency of Energy Consumption in Buildings: Simulation of Alternative EnPC Models," Sustainability, MDPI, vol. 14(7), pages 1-17, April.
- Hyein Yi & Sanghyo Lee & Jaejun Kim, 2017. "An ESCO Business Model Using CER for Buildings’ Energy Retrofit," Sustainability, MDPI, vol. 9(4), pages 1-21, April.
- Ouyang, Jianjun & Ju, Peng, 2017. "The choice of energy saving modes for an energy-intensive manufacturer under non-coordination and coordination scenarios," Energy, Elsevier, vol. 126(C), pages 733-745.
- Wenjie Zhang & Hongping Yuan, 2019. "A Bibliometric Analysis of Energy Performance Contracting Research from 2008 to 2018," Sustainability, MDPI, vol. 11(13), pages 1-23, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Saltari, Enrico & Travaglini, Giuseppe, 2011. "The effects of environmental policies on the abatement investment decisions of a green firm," Resource and Energy Economics, Elsevier, vol. 33(3), pages 666-685, September.
- Guangyuan Xing & Dong Qian & Ju’e Guo, 2016. "Research on the Participant Behavior Selections of the Energy Performance Contracting Project Based on the Robustness of the Shared Savings Contract," Sustainability, MDPI, vol. 8(8), pages 1-13, July.
- Agnieszka Rusinowska & Ahmet Ozkardas, 2015.
"On equilibrium payoffs in wage bargaining with discount rates varying in time,"
Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 181-199, October.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2014. "On equilibrium payoffs in wage bargaining with discount rates varying in time," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00971403, HAL.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2015. "On equilibrium payoffs in wage bargaining with discount rates varying in time," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01044870, HAL.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2015. "On equilibrium payoffs in wage bargaining with discount rates varying in time," PSE-Ecole d'économie de Paris (Postprint) hal-01044870, HAL.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2014. "On equilibrium payoffs in wage bargaining with discount rates varying in time," Post-Print halshs-00971403, HAL.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2014. "On equilibrium payoffs in wage bargaining with discount rates varying in time," Documents de travail du Centre d'Economie de la Sorbonne 14011, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Ahmet Ozkardas & Agnieszka Rusinowska, 2015. "On equilibrium payoffs in wage bargaining with discount rates varying in time," Post-Print hal-01044870, HAL.
- Lin, Tyrone T. & Huang, Shio-Ling, 2011. "Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept," Energy Policy, Elsevier, vol. 39(1), pages 408-420, January.
- Yu, Jing & Xu, Bin, 2011. "The game analyses to price the target enterprise of merger and acquisition based on the perspective of real options under stochastic surroundings," Economic Modelling, Elsevier, vol. 28(4), pages 1587-1594, July.
- Paulina Oliva & B. Kelsey Jack & Samuel Bell & Elizabeth Mettetal & Christopher Severen, 2020.
"Technology Adoption under Uncertainty: Take-Up and Subsequent Investment in Zambia,"
The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 617-632, July.
- B. Kelsey Jack & Paulina Oliva & Christopher Severen & Elizabeth Walker & Samuel Bell, 2015. "Technology Adoption Under Uncertainty: Take-Up and Subsequent Investment in Zambia," NBER Working Papers 21414, National Bureau of Economic Research, Inc.
- Sang-Chul Suh & Quan Wen, 2003.
"Multi-Agent Bilateral Bargaining with Endogenous Protocol,"
Vanderbilt University Department of Economics Working Papers
0305, Vanderbilt University Department of Economics.
- Quan Wen & Sang-Chul Suh, 2004. "Multi-Agent Bilateral Bargaining with Endogenous Protocol," Econometric Society 2004 Far Eastern Meetings 405, Econometric Society.
- Quan Wen & Sang-Chul Suh, 2004. "Multi-Agent Bilateral Bargaining with Endogenous Protocol," Econometric Society 2004 North American Winter Meetings 394, Econometric Society.
- Manzini, Paola & Mariotti, Marco, 2005.
"Alliances and negotiations,"
Journal of Economic Theory, Elsevier, vol. 121(1), pages 128-141, March.
- Paola Manzini & Marco Mariotti, 2000. "Alliances and Negotiations," Working Papers 424, Queen Mary University of London, School of Economics and Finance.
- Paola MAnzini & Marco Mariotti, 2000. "Alliances and Negotiations," Game Theory and Information 0004007, University Library of Munich, Germany.
- Dorothée Charlier & Alejandro Mosino & Aude Pommeret, 2011.
"Energy-saving Technology Adoption under Uncertainty in the Residential Sector,"
Annals of Economics and Statistics, GENES, issue 103-104, pages 43-70.
- Dorothée Charlier & Alejandro Mosino & Aude Pommeret, 2011. "Energy-saving Technology Adoption under Uncertainty in the Residential Sector," Post-Print hal-00937500, HAL.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2017.
"Assessing the Energy-Efficiency Gap,"
Journal of Economic Literature, American Economic Association, vol. 55(4), pages 1486-1525, December.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2015. "Assessing the Energy-Efficiency Gap," NBER Working Papers 20904, National Bureau of Economic Research, Inc.
- Gerarden, Todd D. & Newell, Richard G. & Stavins, Robert N., 2015. "Assessing the Energy-Efficiency Gap," Climate Change and Sustainable Development 202551, Fondazione Eni Enrico Mattei (FEEM).
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2015. "Assessing the Energy-Efficiency Gap," Working Papers 2015.35, Fondazione Eni Enrico Mattei.
- Harold Houba & Quan Wen, 2008. "On striking for a bargain between two completely informed agents," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 509-519, December.
- Bauner, Christoph & Crago, Christine L., 2015. "Adoption of residential solar power under uncertainty: Implications for renewable energy incentives," Energy Policy, Elsevier, vol. 86(C), pages 27-35.
- Saltari, Enrico & Travaglini, Giuseppe, 2011. "Optimal abatement investment and environmental policies under pollution uncertainty," MPRA Paper 35072, University Library of Munich, Germany.
- Daan van Soest & Erwin Bulte, 2001. "Does the Energy-Efficiency Paradox Exist? Technological Progress and Uncertainty," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 18(1), pages 101-112, January.
- Suh, Sang-Chul & Wen, Quan, 2006.
"Multi-agent bilateral bargaining and the Nash bargaining solution,"
Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 61-73, February.
- Sang-Chul Suh & Quan Wen, 2003. "Multi-Agent Bilateral Bargaining and the Nash Bargaining Solution," Vanderbilt University Department of Economics Working Papers 0306, Vanderbilt University Department of Economics.
- Houba, Harold, 2007.
"Alternating offers in economic environments,"
Economics Letters, Elsevier, vol. 96(3), pages 316-324, September.
- Harold Houba, 0000. "Alternating Offers in Economic Environments," Tinbergen Institute Discussion Papers 05-064/1, Tinbergen Institute.
- Shinsuke Kambe, 2009. "Emergence and nonemergence of alternating offers in bilateral bargaining," International Journal of Game Theory, Springer;Game Theory Society, vol. 38(4), pages 499-520, November.
- Li, Shoude, 2013. "Emission permit banking, pollution abatement and production–inventory control of the firm," International Journal of Production Economics, Elsevier, vol. 146(2), pages 679-685.
- Jesse A. Schwartz & Quan Wen, 2006.
"Wage Bargaining Under the National Labor Relations Act,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(4), pages 1017-1039, December.
- Jesse A. Schwartz & Quan Wen, 2004. "Wage Bargaining Under the National Labor Relations Act," Vanderbilt University Department of Economics Working Papers 0412, Vanderbilt University Department of Economics.
- Quan Wen & Jesse A. Schwartz, 2004. "Wage Bargaining under the National Labor Relations Act," Econometric Society 2004 Far Eastern Meetings 554, Econometric Society.
- Giuseppe Travaglini, 2012. "Pollution control: targets and dynamics," Working Papers 1201, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
More about this item
Keywords
Shared savings contract; Revenue share; Forecast–commitment contract;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:73:y:2014:i:c:p:710-721. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.