We analyze the optimal accumulation of renewable energy (backstop) generating capacity in a capital-energy economy with … exhaustibility of fossil fuels the relative profitability of backstop capacity vs. capital investments increases in time. Furthermore …, it turns out that the optimal economic evolution and, therefore, the steady-state levels of capital, backstop capacity …

This paper studies the interplay between the operational and financial facets of capacity investment. We consider the … capacity choice problem of a firm with limited liquidity and whose access to external capital markets is hampered by moral … hazard. The firm must therefore not only calibrate its capacity investment and the corresponding funding needs, but also …

local officials did have some discretion to respond, the state's top-down solutions, its low capacity, and the broader … authoritarianism to maintain control, thereby obscuring transparency and accountability in the pandemic. The focus on state capacity …