It is well established that adaptation and technological investment in each case may serve as a commitment device in …. By investment, which is assumed to be made in the first place due to its considerable lead time, countries commit to …

Despite the vast literature on the energy-efficiency gap, there is a general dearth of investment models which … incorporate the consumer's temporal freedom in the investment decision. Focusing on the building sector, we formulate optimal … investment in energy efficiency as a problem of wealth growth-rate maximisation under uncertainty, subject to the diminishing …