Publication

Investment decisions with flexibility under uncertainty in the competitive electricity supply industry

Related publications (261)

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.

Optimal Switching Between Cash-Flow Streams

Thomas Alois Weber

We consider the problem of finding the optimal time to switch between two measurable cash-flow streams. A complete characterization of the set of solutions is obtained in terms of adjoint variables which measure the available gain from deviations. An itera ...

2016

Asteroid Deflection Campaign Design Integrating Epistemic Uncertainties

Patricia Egger, Sung Wook Paek

Asteroid deflection entails multiple sources of epistemic uncertainties and stochastic uncertainties. Epistemic uncertainties can be reduced by replenishing incomplete information with a better means of observation, whereas stochastic uncertainties are inh ...

Ieee2016

The Euro Interbank Repo Market

Loriano Mancini, Angelo Ranaldo

The search for a market design that ensures stable bank funding is at the top of regulators' policy agenda. This paper empirically shows that the central counterparty (CCP)-based euro interbank repo market features this stability. Using a unique and compre ...

Oxford University Press2016

Yes, no, maybe: the ambiguous relationship between State-owned Enterprise and the State

Matthias Finger, Carole Juliane Isabelle Rentsch

Liberalization and the introduction of sector-specific regulators has caused the position of State-owned enterprises (SOEs) of network industries to change not only within national economies, but also vis-a-vis their respective States. In response, many SO ...

Wiley_Blackwell2015

Essays in Dynamic Corporate Finance

Francesca Maria Zucchi

This thesis examines the effects of financing frictions on corporate decisions using dynamic models. Accounting for financing frictions helps reconcile a number of regularities that are hard to explain within the Modigliani-Miller framework. For instance, ...

EPFL2015

Essays in Empirical Corporate Finance

Stefano Colonnello

This dissertation consists of three chapters. The first chapter examines whether the availability of credit default swaps (CDS) has consequences for creditor governance. CDSs offer creditors the opportunity to hedge credit risk and may impact their willing ...

EPFL2015

The effects of business cycle and debt maturity on a firm's investment and default decisions

Michi Nishihara

We propose a model that jointly determines the capital structure and investment decisions taking business cycle and debt maturity into account. It endogenously determines the triggers of investment/disinvestment and default, which depend on the state of th ...

Elsevier Science Bv2015

Capital supply uncertainty, cash holdings, and investment

Semyon Malamud, Erwan Morellec, Julien Hugonnier

We develop a dynamic model of investment, financing, and cash management decisions in which investment is lumpy and firms face capital supply uncertainty. We characterize optimal policies explicitly, demonstrate that smooth-pasting conditions may not guara ...

2015

The Stochastic Time-Constrained Net Present Value Problem

Daniel Kuhn, Wolfram Wiesemann

The successful management of capital-intensive development and engineering projects requires a careful timing of the involved cash in- and outflows. To this end, the project management literature proposes to schedule the project activities so as to maximiz ...

Springer International Publishing2015

Linking electricity prices and costs in bottom-up top-down coupling under changing market environments

Philippe Thalmann, Frank Vöhringer, Sophie Maire

We couple top-down and bottom-up models to analyse electricity markets. We simulate energy policies under alternative regulatory assumptions. We shows that market liberalisation affects the links between generation costs and user prices. We show that the c ...

EPFL LEURE2015