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Data · dataset · 2016

Data for: Irreversible investment, uncertainty, and ambiguity: The case of bioenergy sector

Listed in Teesside University Research Data Repository

Abstract of associated article: We analyze production and investment decisions of an agent in industrial activities that are characterized by two forms of uncertainty: demand uncertainty (in terms of number of buyers) and competitive effect uncertainty (in terms of other energy resource).

Description

We apply our model on the bioenergy industries. We compare the case of an ambiguity neutral agent with that of an ambiguity averse agent.

We show that the investment decision of an agent depends on the effects of both the capital investment and the level of production on the cost and the uncertainty the agent is confronted with. Moreover, we find that ambiguity aversion tends to decrease the agent's optimal levels of production and investment. Our numerical analysis of the French case illustrates the different effects associated with demand uncertainty and competitive effect uncertainty.

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Provenance · 1 source records, 11 field assertions
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Teesside University Research Data Repositoryoai:data.mendeley.com/hh8gpxy8y9.112 d agoJSON v1
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