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Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10011283826
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10013019855
Education and Research. The InnoRegio program has been a new tool of innovation policy with the aim to improve innovativeness in … East Germany on the basis of prosperous regional networks. Besides the direct support of networks and innovation activities …
Persistent link: https://www.econbiz.de/10011303802
This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata … from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters … demonstrate that employment growth is explained by product innovation. On the other hand, we find no evidence of a displacement …
Persistent link: https://www.econbiz.de/10012670262
Persistent link: https://www.econbiz.de/10011558217
Negative environmental externalities associated with wind power plants depend on the physical characteristics of turbine installations and associated power lines and the geographical siting. We derive analytically an environmental taxation scheme for achieving the efficient spatial distribution...
Persistent link: https://www.econbiz.de/10012266998
In this paper, we present an innovative electricity spot price model, wherein the prices explicitly depend on the realized wind power production. The proposed arithmetic multi-factor approach captures numerous stylized facts of empirical spot price behavior like seasonal variations,...
Persistent link: https://www.econbiz.de/10014344866
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10010297541
Persistent link: https://www.econbiz.de/10003763741
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