disadvantages compared to more market conforming instruments. -- renewable energy ; bonus payments ; capacity investment …

The macroeconomic implications of firms' lumpy investment behavior are subject to ongoing research. Lumpy investment … periods, thereby reducing the frequency of investment activities. Using a dynamic stochastic general equilibrium model with … compute firms' optimal decisions on investment, utilization and labor demand. Compared to the constant utilization model, the …

investment options. In order to capture the specific characteristics of natural gas production, most of these models apply a … logarithmic production cost function. However, no model has so far combined this cost function type with endogenous investment …, this is a serious shortcoming of the current literature. This paper provides a proof that combining endogenous investment …