Étiqueté : risk aversion

Risk aversion and technology mix in an electricity market

This article analyzes the effect of risk and risk aversion on the long-term equilibrium technology mix in an electricity market. It develops a model where firms can invest in baseload plants with a fixed variable cost and peak plants with a random variable cost, and demand for electricity varies over time but is perfectly predictable…

Mitigation under long-term growth uncertainty

“Economic growth over the coming centuries is one of the major determinants of today’s optimal greenhouse gas mitigation policy. At the same time, long-run economic growth is highly uncertain. This paper is the first to evaluate optimal mitigation policy under long-term growth uncertainty in a stochastic integrated assessment model of climate change…”

Rechercher dans OpenEdition Search

Vous allez être redirigé vers OpenEdition Search