Investment in renewable energy sources requires reliable data. However, meteorological datasets are often plagued by missing data, which can bias energy resource estimates if the missingness is systematic. We address this issue by considering the influence of missing data due to icing of...

A monopolist typically defers entry into an industry as both price uncertainty and the level of risk aversion increase. By contrast, the presence of a rival typically hastens entry under risk neutrality. Here, we examine these two opposing effects in a duopoly setting. We demonstrate that the...

The surge in demand for electricity in recent years requires that power companies expand generation capacity sufficiently. Yet, at the same time, energy demand is subject to seasonal variations and peak-hour factors that cause it to be extremely volatile and unpredictable, thereby complicating...