Working Papers: Recent submissions
Now showing items 91-93 of 334
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Fuel costs and the retirement of capital goods
(MIT Center for Energy and Environmental Policy Research, 1993)This paper explores the effect that energy prices and market conditions have on the retirement rates of capital goods using new micro data on aircraft lifetimes and fuel costs. The oil shocks of the 1970s made fuel intensive ... -
Option valuation of flexible investments : the case of a scrubber for coal-fired power plant
(MIT Center for Energy and Environmental Policy Research, 1994)Standard discounted cash flow methods are not well suited to the valuation of investments whose characteristics can be modified by the decision-maker after the initial investment decision has been made (multistage decision ... -
Deregulation in Japanese gas industries : significance and problems of gas rate deregulation for large industrial customers
(MIT Center for Energy and Environmental Policy Research, 1994)In recent years, the circumstances surrounding Japanese City gas industries have been changing drastically. On one hand, as energy suppliers, natural gas which has become major fuel resource for city gas, as public utilities, ...
