Despite the vast literature on the energy-efficiency gap, there is a general dearth of investment models which incorporate the consumer's temporal freedom in the investment decision. Focusing on the building sector, we formulate optimal investment in energy efficiency as a problem of wealth...

Renewables introduce new weather-induced patterns and risks for market participants active in the energy commodity sector. We present a flexible framework for power spot prices that is capable of incorporating a weather model for the joint distribution of local weather conditions. This not only...

We revisit optimal investment in energy-efficiency, presenting a decision framework built around the agent's wealth and wealth dynamic. An investment rule in the form of a trigger is derived such that the agent invests the first time the energy-carrier price crosses this threshold from below....

der industriellen Produktion besitzen Konzepte der Regionalisierung von Wirtschaftsaktivitäten, beispielsweise auf Grund der Möglichkeit zur Schließung von Stoffkreisläufen, große Potenziale zur Unterstützung einer nachhaltigen, gesamtwirtschaftlichen Entwicklung, finden dort jedoch kaum...