The value of power generation technologies can be derived from the investment cost, the plant's expected lifetime, and … only delays the investment decision in the case of the floored CO2 permit prices. For the two other policies, the model … predicts an immediate investment in CCS power plants once the CCS technology becomes commercially available in 2020 …

technological shocks embodied in new capital (IST shocks), which affect the profitability of new investments. Firms' exposure to IST … firm characteristics - Tobin's Q, past investment, earnings-price ratios, market betas, and idiosyncratic volatility of … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend …

We study a buyer's optimal investment strategy for new technologies when costs evolve stochastically and are private … leads to delays in investment compared to the real option benchmark. We also suggest a payment structure that implements the … buyer's optimal investment timing as a Vickrey-type auction …

technological shocks embodied in new capital (IST shocks), which affect the profitability of new investments. Firms' exposure to IST … firm characteristics - Tobin's Q, past investment, earnings-price ratios, market betas, and idiosyncratic volatility of … returns by aggregate investment and valuation ratios; and v) a downward sloping term structure of risk premia for dividend …

With heightened uncertainties and moderating global and Western European growth and oil prices, and volatile capital … share of SMEs, better investment climate, more FDI, and stronger financial sector presence tend to show a more robust …