Risk aversion and CO2 regulatory uncertainty in power generation investment: Policy and modeling implications
نویسندگان
چکیده
منابع مشابه
Risk aversion and CO2 regulatory uncertainty in power generation investment: Policy and modeling implications
Our simulation considers producers in a competitive energy market. Risk averse producers face uncertainty about future carbon regulation. Investment decisions are a two-stage equilibrium problem. Initially, investment is made under regulatory uncertainty; then the regulatory state is revealed and producers realize returns. We consider taxes, grandfathered permits and auctioned permits and show ...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2010
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2010.08.001