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Germany over the horizon 2010-2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of … thermal power plants. Results point to findings which are in line with general theory: Accounting for stochasticity increases …
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An intertemporal optimal strategy for accumulation of reversible capital and management of an exhaustible resource is analyzed for a global economy when resource depletion generates discharges that add to a stock pollutant that affects the likelihood for hitting a tipping point or threshold of...
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