Stepwise Green Investment under Policy Uncertainty
نویسندگان
چکیده
منابع مشابه
Uncertainty and stepwise investment
We analyze the optimal investment strategy of a firm that can complete a project either in one stage at a single freely chosen time point or in incremental steps at distinct time points. The presence of economies of scale gives rise to the following trade-off: lumpy investment has a lower total cost, but stepwise investment gives more flexibility by letting the firm choose the timing individual...
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ژورنال
عنوان ژورنال: The Energy Journal
سال: 2016
ISSN: 0195-6574
DOI: 10.5547/01956574.37.4.mchr