uncertainty. Hence, investors need valuing the flexibility to change decisions as uncertainty unfolds progressively. Real option …Network expansions in power markets usually lead to investment decisions subject to substantial irreversibility and …

that the firm may start the regulatory process earlier if regulatory approval is valid long enough or if uncertainty is …

that the firm may start the regulatory process earlier if regulatory approval is valid long enough or if uncertainty is …

that the firm may start the regulatory process earlier if regulatory approval is valid long enough or if uncertainty is …

flexibility, where we define flexibility as robustness regarding changing evidence and changing preferences. We propose a … technology assessment methodology that identifies the flexibility of initial transition steps in complex technologies. We …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …