Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...

The levelized cost of energy (LCOE) approach has become popular, especially in the field of renewable energy. We argue that when assessing levelized cost of energy, different rates should be used for borrowing and discount rates. We further argue that the risk-free rate should be used for...

Solar photovoltaic (PV) technology is expected as one of the ideal renewable energy resources which can be used in large scale in Hong Kong. This paper presents an in-depth investigation into the development potential of rooftop PV system in Hong Kong and its environmental benefits as well. The...

Solar energy is a source, which can be exploited in two main ways to generate power: direct conversion into electric energy using photovoltaic panels and by means of a thermodynamic cycle. In both cases the amount of energy, which can be converted, is changing daily and seasonally, causing a...

Solar energy is an attractive renewable energy source because the sun's energy is plentiful and carbon-free. However, solar energy is intermittent and not suitable for base load electricity generation without an energy backup system. Concentrated solar power (CSP) is unique among other renewable...