Center for Energy and Environmental Policy Research: Recent submissions
Now showing items 286-288 of 334
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The option to try again : valuing a sequence of dependent trials
(MIT Center for Energy and Environmental Policy Research, 2004)In various fields of economic endeavor, agents enjoy the option to ₃try, try again.₄ Failure in a particular pursuit often brings renewed effort to finally succeed. Many areas of R&D could be characterized in this fashion. ... -
Managing a portfolio of real options : sequential exploration of dependent prospects
(MIT Center for Energy and Environmental Policy Research, 2004)We consider the impact of sequential investment and active management on the value of a portfolio of real options. The options are assumed to be interdependent, in that exercise of any one is assumed to produce, in addition ... -
International market integration for natural gas? : a cointegration analysis of priced in Europe, North America and Japan
(MIT Center for Energy and Environmental Policy Research, 2004)We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990₂s and 2002. Our hypothesis is that there was a certain split of prices between Europe and North America. The ...
