• Sequential investment in renewable energy technologies under policy uncertainty 

      Sendstad, Lars Hegnes; Chronopoulos, Michail (Journal article; Peer reviewed, 2019)
      Although innovation and support schemes are among the main forces that drive investment in renewable energy (RE) technologies, both involve considerable uncertainty. We develop a real options framework to analyse the impact ...
    • Stepwise Green Investment under Policy Uncertainty 

      Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Journal article; Peer reviewed, 2016)
      We analyse how market price and policy uncertainty, in the form of random provision or retraction of a subsidy, interact to affect the optimal time of Investment and the size of a renewable energy (RE) project that can be ...
    • Stepwise investment and capacity sizing under uncertainty 

      Chronopoulos, Michail; Hagspiel, Verena; Fleten, Stein-Erik (Journal article; Peer reviewed, 2016)
      The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple ...
    • Strategic technology switching under risk aversion and uncertainty 

      Sendstad, Lars Hegnes; Chronopoulos, Michail (Peer reviewed; Journal article, 2020)
      Firms devising green investment strategies within a deregulated environment must take into account not only economic and technological uncertainty, but also strategic interactions due to competition. Also, further ...