Valuation of CCS-ready coal-fired power plants: a multi-dimensional real options approach

Author:

Rohlfs Wilko,Madlener Reinhard

Publisher

Springer Science and Business Media LLC

Subject

General Energy,Economics and Econometrics,Modelling and Simulation

Reference19 articles.

1. IEA GHG: CO2 capture ready plants. IEA Greenhouse Gas R&D Programme, OECD/IEA. Paris, France (2007)

2. McDonald, R., Siegel, D.: The value of waiting to invest. Q. J. Econ. 101, 707–727 (1986)

3. Hu, Y., Øksendal, B.: Optimal time to invest when the price processes are geometric Brownian motions. Finance Stoch. 2(3), 295–310 (1998)

4. Olsen, T.E., Stensland, G.: On optimal timing of investment when cost components are additive and follow geometric diffusions. J. Econ. Dyn. Control 16(1), 39–51 (1992)

5. Adkins, R., Paxon, D.: The effect of depreciation allowances on the stochastic replacement decision. In: Proceedings of the Real Options Conference, Rio de Janeiro, June 20, 2008

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