The calculation of unit cost that can be used for estimating capacity investment decisions is frequently ambiguous due to the many ways to apportion applicable cash ows connected to the delivery of products. This paper studies the identification of relevant unit cost when productive capacity is...

The pace of the global decarbonization process is widely believed to hinge on the rate of cost improvements for clean energy technologies, in particular renewable power and energy storage. This paper adopts the classical learning-by-doing framework of Wright (1936), which predicts that cost will...

The pace of the global decarbonization process is widely believed to hinge on the rate of cost improvements for clean energy technologies, in particular renewable power and energy storage. This paper adopts the classical learning-by-doing framework of Wright (1936), which predicts that cost will...

The calculation of unit cost that can be used for estimating capacity investment decisions is frequently ambiguous due to the many ways to apportion applicable cash ows connected to the delivery of products. This paper studies the identification of relevant unit cost when productive capacity is...

The transition to net zero carbon emissions necessary to limit global warming importantly involves greater use of renewable energies, especially solar energy, and scaling up renewable energy storage and generation. This paper discusses expanding the use of molten salt for renewable energy...