Blar i Working papers (SNF) på forfatter "Murto, Pauli"
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Input price risk and optimal timing of energy investment : choice between fossil- and biofuels
Murto, Pauli; Nese, Gjermund (Working Paper, Working paper, 2002-05)We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price ...