Many economists agree that countries wishing to develop their national economies should focus on increasing their innovation output. In recent years, the Portuguese government has pursued this goal, taking strides to improve the country's national system of innovation. This effort has included...

Investments in three coal-fired power generation technologies are valued using the "real options" valuation methodology in an uncertain carbon dioxide (CO2) price environment. The technologies evaluated are pulverized coal (PC), integrated coal gasification combined cycle (baseline IGCC), and...