Investment Timing and Social Welfare under Feed-in Tariff Contract

Detalhes bibliográficos
Autor(a) principal: Barbosa, Luciana
Data de Publicação: 2020
Outros Autores: Rodrigues, Artur, Sardinha, Alberto
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11144/4737
Resumo: This paper presents a novel model to analyze the effects on the investment timing and social welfare of three feed-in tariffs (FIT) within an oligopolistic market structure. The FIT contracts are the fixed price, the fixed premium, and the minimum price guarantee. The model allows the identification of the optimal time to deploy a renewable energy project and the value of the tariff that maximizes the social welfare for each FIT design. These optimal tariffs generate the same investment timing and the same social welfare.
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spelling Investment Timing and Social Welfare under Feed-in Tariff ContractInvestment AnalysisReal OptionsFeed-In-TariffsUncertaintySocial WelfareDuopolistic MarketsThis paper presents a novel model to analyze the effects on the investment timing and social welfare of three feed-in tariffs (FIT) within an oligopolistic market structure. The FIT contracts are the fixed price, the fixed premium, and the minimum price guarantee. The model allows the identification of the optimal time to deploy a renewable energy project and the value of the tariff that maximizes the social welfare for each FIT design. These optimal tariffs generate the same investment timing and the same social welfare.CICEE. Universidade Autónoma de Lisboa2021-01-12T12:00:44Z2020-01-01T00:00:00Z2020info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11144/4737enghttps://doi.org/10.26619/UAL-CICEE/WP02.2020Barbosa, LucianaRodrigues, ArturSardinha, Albertoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-11T02:25:25Zoai:repositorio.ual.pt:11144/4737Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:35:08.818402Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Investment Timing and Social Welfare under Feed-in Tariff Contract
title Investment Timing and Social Welfare under Feed-in Tariff Contract
spellingShingle Investment Timing and Social Welfare under Feed-in Tariff Contract
Barbosa, Luciana
Investment Analysis
Real Options
Feed-In-Tariffs
Uncertainty
Social Welfare
Duopolistic Markets
title_short Investment Timing and Social Welfare under Feed-in Tariff Contract
title_full Investment Timing and Social Welfare under Feed-in Tariff Contract
title_fullStr Investment Timing and Social Welfare under Feed-in Tariff Contract
title_full_unstemmed Investment Timing and Social Welfare under Feed-in Tariff Contract
title_sort Investment Timing and Social Welfare under Feed-in Tariff Contract
author Barbosa, Luciana
author_facet Barbosa, Luciana
Rodrigues, Artur
Sardinha, Alberto
author_role author
author2 Rodrigues, Artur
Sardinha, Alberto
author2_role author
author
dc.contributor.author.fl_str_mv Barbosa, Luciana
Rodrigues, Artur
Sardinha, Alberto
dc.subject.por.fl_str_mv Investment Analysis
Real Options
Feed-In-Tariffs
Uncertainty
Social Welfare
Duopolistic Markets
topic Investment Analysis
Real Options
Feed-In-Tariffs
Uncertainty
Social Welfare
Duopolistic Markets
description This paper presents a novel model to analyze the effects on the investment timing and social welfare of three feed-in tariffs (FIT) within an oligopolistic market structure. The FIT contracts are the fixed price, the fixed premium, and the minimum price guarantee. The model allows the identification of the optimal time to deploy a renewable energy project and the value of the tariff that maximizes the social welfare for each FIT design. These optimal tariffs generate the same investment timing and the same social welfare.
publishDate 2020
dc.date.none.fl_str_mv 2020-01-01T00:00:00Z
2020
2021-01-12T12:00:44Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/11144/4737
url http://hdl.handle.net/11144/4737
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://doi.org/10.26619/UAL-CICEE/WP02.2020
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv CICEE. Universidade Autónoma de Lisboa
publisher.none.fl_str_mv CICEE. Universidade Autónoma de Lisboa
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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