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dc.contributor.advisorFleten, Stein-Eriknb_NO
dc.contributor.authorKaldahl, Jonas Aasenb_NO
dc.contributor.authorIngebrigtsen, Kristoffernb_NO
dc.date.accessioned2014-12-19T14:30:52Z
dc.date.available2014-12-19T14:30:52Z
dc.date.created2014-08-31nb_NO
dc.date.issued2014nb_NO
dc.identifier742162nb_NO
dc.identifierntnudaim:11804nb_NO
dc.identifier.urihttp://hdl.handle.net/11250/266782
dc.description.abstractThis paper presents an empirical analysis of the real options to postpone and cancel sequential investments with time-to-build. Utilizing generator level data that to the best of our knowledge is unique in scope and detail, we look at investments in gas fired combustion and combined cycle generators. We find strong evidence of real option effects. Regulatory uncertainty and profit uncertainty increases the probability of companies postponing and canceling investments. Firms postponing during times of uncertainty is as expected from theory; firms canceling under these conditions is somewhat more surprising.nb_NO
dc.languageengnb_NO
dc.publisherInstitutt for industriell økonomi og teknologiledelsenb_NO
dc.titleSequential investment in gas fired power plants: A real options analysisnb_NO
dc.typeMaster thesisnb_NO
dc.source.pagenumber84nb_NO
dc.contributor.departmentNorges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for industriell økonomi og teknologiledelsenb_NO


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