Green investment under time-dependent subsidy retraction risk

DOI10.1016/J.JEDC.2020.103936zbMath1475.91234OpenAlexW3030625452MaRDI QIDQ2246662

Yanyan Li

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2020.103936

zbMATH Keywords

real optionsrenewable energynon-homogeneous Poisson processrenewable energy support schemespolicy riskfeed-in-tariffs

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (3)

How damaging are environmental policy targets in terms of welfare? ⋮ Time-to-build and capacity expansion ⋮ Investments with declining cost following a Lévy process

Cites Work

• Investment under uncertainty and policy change
• Renewable energy investments under different support schemes: a real options approach
• Optimal investment decision under switching regimes of subsidy support
• Green electricity investments: environmental target and the optimal subsidy
• Exit option for a class of profit functions
• The Mathematics of Financial Derivatives

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