I. Introduction -- 1.1 Scope and significance -- 1.2 Methodological considerations -- 1.3 An outline of the remaining chapters -- II. Some elements from the neoclassical research programme of the firm -- 2.1 Introduction -- 2.2 Keynesian theories of the firm -- 2.3 The neoclassical programme --...

We study optimal timing of regulated investment in a real options setting, in which the regulated monopolist has private information on investment costs. In solving the ensuing agency problem, the regulator trades off investment timing inefficiency against the dead-weight loss arising from high...

Purpose – Based on literature and an empirical case, the purpose of this paper is to present a framework for decision‐making in utilities where unbundling considerations are taking place. The paper analyses the implications of splitting long‐term network planning activity from the...

Purpose – The purpose of this paper is to establish a methodological framework to address key issues in electricity distribution network development. The paper defines subtasks in the strategy process and presents key elements in the strategy work and long‐term network planning. The results...