Electricity networks currently face massive investment requirements. This paper argues that, given the investment …). Errors in the outcomes of benchmarking will likely distort network investment and therefore the costs of doing it wrong are … benchmarking at all. Overall, facing massive investment requirements, it seems desirable to switch to a regulatory system with ex …

investment in a setting with lumpy investment outlays. Concentrating on the case where investment increases the regulatory asset … base, we distinguish between price-based regulation and cost-based regulation. Under cost-based regulation, investment … triggers a change of regulated prices, whereas, under price-based regulation, investment does not affect them. To motivate …

In an intertemporal model, we analyze the timing of irreversible and lumpy monopoly investment under certainty. There … are two reasons for investing, i.e. wear and tear leading to replacement investment and demand growth leading to expansion … investment. Both in a single investment setting and in a repeated investment setting, we find that a firm maximizing discounted …

This paper considers the effect of financial liberalisation on access to investment finance using firm level data … credit : firm level investment …

investment assets' performances divided by the square root of the sum of the number of the assets and one, given certain …

expected payoff for any given player. Such a game has direct links to community investment clubs where people are aggregating …

Many different studies such as Kelly (1956) have an analyzed the characteristics of log-return investment models. We …