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Risk adjusted discounted cash flows in capacity expansion models
- Source :
- Mathematical Programming. 140:267-293
- Publication Year :
- 2013
- Publisher :
- Springer Science and Business Media LLC, 2013.
-
Abstract
- This paper addresses a problem that is typical of multi-period capacity expansion equilibrium models: plants or sectors have different risk exposures that may warrant different costs of capital. The paper examines modifications of a capacity expansion model interpreted in equilibrium terms to account for asset-specific costs of capital
Details
- ISSN :
- 14364646 and 00255610
- Volume :
- 140
- Database :
- OpenAIRE
- Journal :
- Mathematical Programming
- Accession number :
- edsair.doi...........ea3a71a7e253bd99c9cbd805aaa9f1a2