dc.contributor.author | Heggedal, Ane Marte | |
dc.contributor.author | Linnerud, Kristin | |
dc.contributor.author | Fleten, Stein-Erik Fleten UV | |
dc.date.accessioned | 2017-11-09T11:48:47Z | |
dc.date.available | 2017-11-09T11:48:47Z | |
dc.date.created | 2013-11-26T18:32:47Z | |
dc.date.issued | 2011 | |
dc.identifier.issn | 1556-5068 | |
dc.identifier.uri | http://hdl.handle.net/11250/2465215 | |
dc.description.abstract | Based on panel data of 214 licenses to construct small hydropower plants, we examine whether uncertainty with respect to the introduction of a market for renewable energy certificates affected the timing of investments in Norway from 2001 to 2010. Using regression analysis, we find that (1) investors owning a portfolio of licenses acted in accordance with a real options investment rule, and uncertain climate policy decisions delayed their investment rate; and (2) investors owning a single license acted in accordance with a traditional net present value investment rule, focusing on the value of the immediate investment and ignoring policy uncertainty. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Elsevier | nb_NO |
dc.relation.uri | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1987701 | |
dc.title | Uncertain Climate Policy Decisions and Investment Timing: Evidence from Small Hydropower Plants | nb_NO |
dc.type | Journal article | nb_NO |
dc.description.version | submittedVersion | nb_NO |
dc.source.journal | Social Science Research Network | nb_NO |
dc.identifier.doi | 10.2139/ssrn.1987701 | |
dc.identifier.cristin | 1069709 | |
dc.relation.project | Norges forskningsråd: 199908 | nb_NO |
dc.description.localcode | This is a submitted manuscript of an article published by Elsevier Ltd, 21 Jan 2012 | nb_NO |
cristin.unitcode | 194,60,25,0 | |
cristin.unitname | Institutt for industriell økonomi og teknologiledelse | |
cristin.ispublished | true | |
cristin.fulltext | preprint | |
cristin.qualitycode | 0 | |