This paper provides an in-depth analysis of investment decisions and shifts related to onshore and offshore wind power supply chains. Insights about cost reductions are generated from analyzing project financing data, using a 'European learning curve' derived from a European learning system. In...

Investment in emerging technologies is particularly challenging, since, apart from uncertainty in revenue streams, firms must also take into account both policy uncertainty and the random arrival of innovations. We assume that the former is reflected in the sudden provision and retraction of a...

We determine the optimal timing for replacement of an emerging technology facing uncertainty in both the output price and the arrival of new versions. Via a sequential investment framework, we determine the value of the investment opportunity, the value of the project, and the optimal investment...