Optimal regulation of energy network expansion when costs are stochastic

DOI10.1016/j.jedc.2020.103945zbMath1475.91245OpenAlexW3036501744MaRDI QIDQ2246665

Gijsbert Zwart

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2020.103945

zbMATH Keywords

regulationprincipal-agent modeladverse selectioninvestment timingreal optiondynamic contracting

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Corporate finance (dividends, real options, etc.) (91G50) Principal-agent models (91B43)

Related Items (2)

Optimal procurement and investment in new technologies under uncertainty ⋮ How damaging are environmental policy targets in terms of welfare?

Cites Work

• Dynamic revenue maximization: a continuous time approach
• Optimality and renegotiation in dynamic contracting
• Super contact and related optimality conditions
• Contract Renegotiation and Coasian Dynamics
• The Dynamics of Incentive Contracts
• Contracting with Imperfect Commitment and the Revelation Principle: The Single Agent Case
• Dynamic contracting: An irrelevance theorem
• Adverse Selection and Renegotiation in Procurement

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