Original paper
Investment opportunities, uncertainty, and renewables in European electricity markets
Abstract
We investigate investment decisions in electricity generation technologies under uncertainty. The econometric analysis is based on a vast dataset of electricity generation capacities of virtually all European power plants, which we combine with disaggregated measures of investment opportunities and uncertainty. Our approach allows for a disaggregated analysis at the asset level (i.e. different electricity generation technologies) of the firm....
Paper Details
Title
Investment opportunities, uncertainty, and renewables in European electricity markets
Published Date
Jan 1, 2020
Journal
Volume
85
Pages
104575 - 104575
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Notes
History