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Persistent link: https://www.econbiz.de/10013283910
plant is later retrofitted with carbon capture and storage (CCS). A capture-ready power plant with lower retrofit costs is … compared with a conventional one and higher CCS retrofit costs. The stochastic variables considered are the price of … electricity, the price of CO2 permits, capturing, transporting and storing (CTS) costs and CCS retrofit investment costs. Fuel …
Persistent link: https://www.econbiz.de/10008642307
required market conditions needed for the deployment of carbon capture and storage (CCS) technologies. We find that a carbon … of at least 50% for the deployment of CCS in 2022. …
Persistent link: https://www.econbiz.de/10010840303
Persistent link: https://www.econbiz.de/10010193232
Managerial flexibility has value in the context of uncertain R...D projects, as management can repeatedly gather information about uncertain project and market characteristics and, based on this information, change its course of action. This value is now well accepted and referred to as "real...
Persistent link: https://www.econbiz.de/10009197701
A common theme in the studies of flexible supply contracts has been the producer's profit-maximization problem without regard to the suppliers' reactions. However, suppliers do react and protect their downside against producer's operating policies by revising their strategies in a manner...
Persistent link: https://www.econbiz.de/10009214343
The real options approach has become a benchmark in real assets evaluation and optimal management problems, especially in liberalised and competitive markets such as the oil and hydrocarbon markets. This paper describes how the same approach can be a useful tool for both risk management...
Persistent link: https://www.econbiz.de/10010669977
Persistent link: https://www.econbiz.de/10011574012
Risk and risk preferences belong to the key determinants of investment-based technology adoption in agriculture. We develop and apply a novel approach in which an inverse second order stochastic dominance approach is integrated into a stochastic dynamic farm-level model to quantify the effect of...
Persistent link: https://www.econbiz.de/10013327948
The paper considers a climate change growth model with three R&D sectors dedicated to energy, backstop and CCS (Carbon …
Persistent link: https://www.econbiz.de/10010266000