• Optimal Risk Adoption and Capacity Investment in Technological Innovations 

      Sendstad, Lars Hegnes; Chronopoulos, Michail; Hagspiel, Verena (Journal article; Peer reviewed, 2021)
      Technological innovations often formulate new market regimes and create incentives to abandon existing, less attractive ones. However, this decision depends not only on market forces, such as economic and technological ...
    • 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 ...