Showing 1 - 10 of 98
In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which...
Persistent link: https://www.econbiz.de/10009421231
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …
Persistent link: https://www.econbiz.de/10008828410
Government to induce adequate participation in a conservation plan. We study the impact of uncertainty on the optimal conversion … landholders under uncertainty about the value of environmental services and irreversible development. We study land conversion … of deforestation. Interestingly, we show that uncertainty, even if it induces conversion postponement in the short …
Persistent link: https://www.econbiz.de/10009421254
adequate participation in a conservation plan. We analytically determine the impact of uncertainty and optimal policy …In this paper stochastic dynamic programming is used to investigate habitat conservation by a multitude of landholders … under uncertainty about the value of environmental services and irreversible development. We study land conversion under …
Persistent link: https://www.econbiz.de/10008828382
of the local berths endowment (i. e. a higher vessels transit in the Lagoon) is more effective for nature conservation …
Persistent link: https://www.econbiz.de/10010701060
implications for the design of efficient public conservation programmes. …
Persistent link: https://www.econbiz.de/10005230946
In this article, we analyse the optimal investment decision in a new health care technology of a representative hospital that maximises its surplus in an uncertain environment. The new technology allows the hospital to increase the quality level of the care provided, but the investment is...
Persistent link: https://www.econbiz.de/10005423171
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm’s start-up decision relative to a pure price...
Persistent link: https://www.econbiz.de/10005423178
To avoid high profit levels often experienced in countries where monopolies in public utility sectors are regulated through price-cap mechanisms, several regulatory agencies have recently introduced profit-sharing (PS) clauses aimed at obtaining price reductions to the benefit of consumers....
Persistent link: https://www.econbiz.de/10005385418
of complying with conservation requirements increases. The paper investigates how this can affect bidding behavior in … multi-dimensional auctions, where agents bid on both the conservation plan and the required payment, when contracts do not …
Persistent link: https://www.econbiz.de/10010813790