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Investment under uncertainty and irreversibility : evidence from the shipping markets

Drakos, Kōnstantinos; Tsouknidis, Dimitris - In: International journal of finance & economics : IJFE 29 (2024) 2, pp. 2139-2154

Persistent link: https://www.econbiz.de/10014533401

An integrated CVaR and real options approach to investments in the energy sector

Fortin, Ines; Fuss, Sabine; Hlouskova, Jaroslava; … - 2007

adoption decision of particular technologies under uncertainty. These technologies are coal-fired power plants, biomassfired …

Persistent link: https://www.econbiz.de/10010294022

Internalization and internationalization under copeting real options

Fisch, Jan Hendrik - 2006

and centers the impact of uncertainty. The results of a panel study using aggregates of 5379 German entries to 22 … countries suggest that uncertainty has a U-shaped influence on the probability of entry and a negative effect on the amount of …

Persistent link: https://www.econbiz.de/10010295803

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …

Persistent link: https://www.econbiz.de/10011604393

Booms, recessions and financial turmoil : a fresh look at investment decisions under cyclical uncertainty

Chen, Yu-Fu; Funke, Michael - 2009

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

Persistent link: https://www.econbiz.de/10010271966

Uncertainty in integrated assessment models of climate change: alternative analytical approaches

Golub, Alexander; Narita, Daiju; Schmidt, Matthias G. W. - 2011

Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …

Persistent link: https://www.econbiz.de/10010279401

Land-use change and solar energy production: A real option approach

Gazheli, Ardjan; Di Corato, Luca - 2011

In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which...

Persistent link: https://www.econbiz.de/10010279485

Explosive Oil Prices

Gronwald, Marc - 2013

This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...

Persistent link: https://www.econbiz.de/10010319395

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …

Persistent link: https://www.econbiz.de/10011506567

Global warming and extreme events : rethinking the timing and intensity of environmental policy

Chen, Yu-Fu; Funke, Michael - 2010

The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...

Persistent link: https://www.econbiz.de/10003977579