The Option Value of Investments in Energy-Efficient and Renewable Energy Technologies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Claude Henry, 1974. "Investment decisions under uncertainty: The "irreversibility effect"," ULB Institutional Repository 2013/327343, ULB -- Universite Libre de Bruxelles.
- Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, vol. 64(6), pages 1006-1012, December.
- Kolstad, Charles D., 1996. "Fundamental irreversibilities in stock externalities," Journal of Public Economics, Elsevier, vol. 60(2), pages 221-233, May.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Geoffrey Heal, 2008. "Climate Economics: A Meta-Review and Some Suggestions," NBER Working Papers 13927, National Bureau of Economic Research, Inc.
- Geoffrey Heal & Bengt Kriström, 2002. "Uncertainty and Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 3-39, 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.- Makropoulou, Vasiliki & Dotsis, George & Markellos, Raphael N., 2013. "Environmental policy implications of extreme variations in pollutant stock levels and socioeconomic costs," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 417-428.
- Robert S. Pindyck, 2006.
"Uncertainty In Environmental Economics,"
NBER Working Papers
12752, National Bureau of Economic Research, Inc.
- Robert S. Pindyck, 2006. "Uncertainty in Environmental Economics," Working Papers 0617, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Aude Pommeret & Katheline Schubert, 2018.
"Intertemporal Emission Permits Trading Under Uncertainty and Irreversibility,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 73-97, September.
- Aude Pommeret & Katheline Schubert, 2018. "Intertemporal emission permits trading under uncertainty and irreversibility," Post-Print halshs-01631659, HAL.
- Aude Pommeret & Katheline Schubert, 2018. "Intertemporal emission permits trading under uncertainty and irreversibility," PSE-Ecole d'économie de Paris (Postprint) halshs-01631659, HAL.
- Charles Sims & David Finnoff, 2016. "Opposing Irreversibilities and Tipping Point Uncertainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(4), pages 985-1022.
- Attanasi, Giuseppe Marco & Montesano, Aldo, 2010.
"Testing Value vs Waiting Value in Environmental Decisions under Uncertainty,"
TSE Working Papers
10-154, Toulouse School of Economics (TSE).
- Giuseppe Attanasi & Aldo Montesano, 2010. "Testing Value vs Waiting Value in Environmental Decisions under Uncertainty," LERNA Working Papers 10.01.307, LERNA, University of Toulouse.
- Edouard Civel & Marc Baudry, 2018.
"The Fate of Inventions. What can we learn from Bayesian learning in strategic options model of adoption ?,"
EconomiX Working Papers
2018-47, University of Paris Nanterre, EconomiX.
- Marc Baudry & Edouard Civel, 2018. "The Fate of Inventions. What can we learn from Bayesian learning in strategic options model of adoption ?," Working Papers hal-04141698, HAL.
- Pindyck, Robert S., 2012.
"Uncertain outcomes and climate change policy,"
Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
- Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," NBER Working Papers 15259, National Bureau of Economic Research, Inc.
- Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," Working Papers 0907, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Guillouet, Louise & Martimort, David, 2023. "Acting in the Darkness: Towards some Foundations for the Precautionary Principle," TSE Working Papers 23-1411, Toulouse School of Economics (TSE), revised Jul 2024.
- Ahlvik, Lassi & Iho, Antti, 2018. "Optimal geoengineering experiments," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 148-168.
- Sandri, Serena & Schade, Christian & Mußhoff, Oliver & Odening, Martin, 2010.
"Holding on for too long? An experimental study on inertia in entrepreneurs' and non-entrepreneurs' disinvestment choices,"
Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 30-44, October.
- Sandri, Serena & Schade, Christian & Musshoff, Oliver & Odening, Martin, 2010. "Holding on for too long? An experimental study on inertia in entrepreneurs’ and non-entrepreneurs’ disinvestment choices," Structural Change in Agriculture/Strukturwandel im Agrarsektor (SiAg) Working Papers 59518, Humboldt University Berlin, Department of Agricultural Economics.
- Serena Sandri & Christian Schade & Oliver Musshoff & Martin Odening, 2010. "Holding on for too long? An experimental study on inertia in entrepreneurs' and non-entrepreneurs' disinvestment choices," Post-Print hal-00856602, HAL.
- Nicolas Treich, 2000.
"Décision séquentielle et Principe de Précaution,"
Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 55, pages 5-24.
- Treich, Nicolas, 2000. "Décision séquentielle et Principe de Précaution," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 55.
- Nicolas Treich, 2000. "Décision séquentielle et Principe de Précaution," Post-Print hal-01200920, HAL.
- Lontzek, Thomas S. & Narita, Daiju, 2009. "The effect of uncertainty on decision making about climate change mitigation: a numerical approach of stochastic control," Kiel Working Papers 1539, Kiel Institute for the World Economy (IfW Kiel).
- Ingham, Alan & Ma, Jie & Ulph, Alistair, 2007. "Climate change, mitigation and adaptation with uncertainty and learning," Energy Policy, Elsevier, vol. 35(11), pages 5354-5369, November.
- Narain, Urvashi & Hanemann, Michael & Fisher, Anthony C., 2002. "Uncertainty, Learning, and the Irreversibility Effect," CUDARE Working Papers 198691, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Christou, Christina & Gabauer, David & Gupta, Rangan, 2020.
"Time-Varying impact of uncertainty shocks on macroeconomic variables of the united kingdom: Evidence from over 150 years of monthly data,"
Finance Research Letters, Elsevier, vol. 37(C).
- Christina Christou & David Gabauer & Rangan Gupta, 2019. "Time-Varying Impact of Uncertainty Shocks on Macroeconomic Variables of the United Kingdom: Evidence from Over 150 Years of Monthly Data," Working Papers 201962, University of Pretoria, Department of Economics.
- van Wijnbergen, Sweder & Willems, Tim, 2015.
"Optimal learning on climate change: Why climate skeptics should reduce emissions,"
Journal of Environmental Economics and Management, Elsevier, vol. 70(C), pages 17-33.
- Sweder van Wijnbergen & Tim Willems, 2012. "Optimal Learning on Climate Change: Why Climate Skeptics should reduce Emissions," Tinbergen Institute Discussion Papers 12-085/2, Tinbergen Institute.
- Sweder van Wijnbergen & Tim Willems, 2013. "Optimal Learning on Climate Change: Why Climate Sceptics Should Reduce Emissions," OxCarre Working Papers 111, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Velu, Chander K. & Madnick, Stuart E. & Van Alstyne, Marshall W., 2006. "To Standardize Enterprise Data or Not? An Economic Analysis of Flexibility versus Control," Working papers 30607, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Patrick Bolton & Antoine Faure-Grimaud, 2009.
"Thinking Ahead: The Decision Problem,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(4), pages 1205-1238.
- Patrick Bolton & Antoine Faure-Grimaud, 2005. "Thinking Ahead: The Decision Problem," NBER Working Papers 11867, National Bureau of Economic Research, Inc.
- May Elsayyad & Florian Morath, 2016.
"Technology Transfers For Climate Change,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(3), pages 1057-1084, August.
- May Elsayyad & Florian Morath, 2013. "Technology Transfers for Climate Change," CESifo Working Paper Series 4521, CESifo.
- Morath, Florian & Elsayyad, May, 2014. "Technology transfers for climate change," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100396, Verein für Socialpolitik / German Economic Association.
- Fujii, Tomoki & Ishikawa, Ryuichiro, 2012.
"Quasi-option value under strategic interactions,"
Resource and Energy Economics, Elsevier, vol. 34(1), pages 36-54.
- Tomoki Fujii & Ryuichiro Ishikawa, 2011. "Quasi-option Value under Strategic Interactions," Working Papers 04-2011, Singapore Management University, School of Economics.
More about this item
Keywords
Climate Change; Option Value; Investment Uncertainty; Renewable Energy; Klimawandel; Optionswerte; Investitionsunsicherheit; Erneuerbare Energien;All these keywords.
JEL classification:
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
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:ddf:wpaper:13. 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: Stefanie Soehnitz (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.