Oude Lansink, Alfons G.J.M.; Pietola, Kyosti - European Association of Agricultural Economists - EAAE - 2002
This paper applies a semi-parametric approach to estimating a generalised model of investments in energy installations …. The model accounts for irreversibility and lumpiness of investments by linking a parametric specification of the … function. The results suggest that marginal costs of investments in energy installations increase quickly at small investment …