CSEM WP 107 Does Divestiture Crowd-Out New Investment? The "Make or Buy" Decision in U.S. Electricity Generation Investments

Investment under Regulatory Uncertainty : U . S . Electricity Generation Investment 1996 - 2000

We investigate how uncertainty surrounding the timing of possible comprehensive regulatory restructuring may affect firm investment behavior in the industry. We argue that such regulatory uncertainty can create an option value that leads to firms delaying their investment decision in order to gather more information concerning future regulatory changes. We empirically examine this claim using d...

CSEM WP 111 The Efficiency of Electricity Generation in the U.S. After Restructuring

CSEM WP 111R The Efficiency of Electricity Generation in the U.S. After Restructuring

Investment under Regulatory Uncertainty : U . S . Electricity Generation Investment Since 1996

We investigate how uncertainty surrounding possible comprehensive regulatory restructuring affect the investment behavior of firms operating in the industry. We argue that such regulatory uncertainty can create a substantial option value that leads to firms delaying their investment decision in order to gather more information and assurances regarding future regulatory changes. We empirically e...

Electricity Technology Investments Under Solar RD&D Uncertainty: How Interim Learning and Adaptation Affect the Optimal Decision Strategy

The authors of this report invite use of this information for educational purposes, requiring only that the reproduced material clearly cite the full source: Santen, Nidhi R. and Laura Diaz Anadon. " Electricity technology investments under solar RD&D uncertainty: How interim learning and adaptation affect the optimal decision strategy. Cover image: The largest photovoltaic solar power plant in...