total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business …

irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used …

abandoning intermediate plants. That is, decreasing economies of scale amplify the effect of uncertainty on disinvestment and …

optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality …

flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …

The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose … dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of … produce all inputs even when it buys them in the market. This sort of flexibility makes for results which are somehow contrary …

evaluates the role of Solar Radiation Management (SRM) on the optimal abatement path, focusing on the uncertainty about the … theory under uncertainty, we show that abatement is decreasing in the probability of success of SRM, but that this relation …

% lower. On average, a doubling of public RD&D is expected to result in an 8% cost reduction, but uncertainty is large. The …&D investments do not affect uncertainty ranges, but US experts’ are less confident about costs than Europeans. …