Investment and Decommissioning Decisions under Conditions of Uncertainty: An Application to the Electricity Sector (notice n° 156693)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01597cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112031729.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Chaton, Corinne |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Investment and Decommissioning Decisions under Conditions of Uncertainty: An Application to the Electricity Sector |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 23 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine investment or decommissioning rules for a regulated risk-neutral firm which does not know the future price of its input. It also provides an empirical reading of past choices in construction of French nuclear power plants. The main finding is that, on a certain number of theoretical and empirical assumptions, it is optimal at present is to leave French nuclear power capacity unchanged. Other more general findings follow from the theoretical model. Thus an increase in uncertainty facilitates investment, defers decommissioning and extends the range of input prices for which there is no change in capacity. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | investment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | options |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | partial irreversibility |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | inelasticity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | uncertainty |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 149 | 3 | 2001-06-01 | p. 15-28 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2001-3-page-15?lang=en">https://shs.cairn.info/journal-economie-et-prevision-1-2001-3-page-15?lang=en</a> |
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