Ethanol crush spreads are used to model the value of a facility which produces ethanol from corn. A real option … expected real option net present value. We present evidence of increased correlation between corn and ethanol prices, perhaps … as a result of government policy which has induced more players to enter into the market. This paper investigates the …

. First, empirical data are often characterized by time-varying volatility and fat tails; therefore we use Gaussian GAS … consistently underestimate the value of project flexibility and in general lead to overly conservative investment decisions in the …

such as those of crude oil and ethanol using the cointegration methods. The results suggest that the prices of the non …

. First, empirical data are often characterized by time-varying volatility and fat tails; therefore we use Gaussian GAS … consistently underestimate the value of project flexibility and in general lead to overly conservative investment decisions in the …

. First, empirical data are often characterized by time-varying volatility and fat tails; therefore we use Gaussian GAS … consistently underestimate the value of project flexibility and in general lead to overly conservative investment decisions in the …

determine the optimal time to invest. We then analyse the effect of carbon price volatility on the optimal investment decision …We present two models of the optimal investment decision in carbon capture and storage technology (CCS)—one where the … models investment costs are time dependent which adds an extra dimension to the decision problem. Our deterministic model …

to the rest of the European power system? And third, what effect does the uncertainty regarding future nuclear policy in … conclude that a commitment regarding nuclear policy reform is only mildly beneficial in terms of system costs. …

targets are challenging for investment planning, because different RES-E shares fundamentally change the optimal mix of …-stage stochastic investment and dispatch model to analyze effects on investment choices, electricity generation and system costs. Our … main findings include that the uncertain achievement of RES-E targets significantly effects optimal investment decisions …

to the rest of the European power system? And third, what effect does the uncertainty regarding future nuclear policy in … conclude that a commitment regarding nuclear policy reform is only mildly beneficial in terms of system costs. …