메뉴 건너뛰기




Volumn 38, Issue 2, 2010, Pages 1079-1086

Optimal fuel-mix in CHP plants under a stochastic permit price: Risk-neutrality versus risk-aversion

Author keywords

Emissions trading; Fuel substitution; Risk aversion

Indexed keywords

BEARING BEHAVIORS; CHP PLANT; CLEAN FUEL; EMISSION PERMITS; EMISSIONS TRADING; FINANCIAL DECISIONS; FINNISH; FUEL SUBSTITUTION; FUEL USE; INTENSIVE FUELS; MEAN VARIANCE; PRICE RISKS; RISK AVERSE; RISK AVERSION; THREE MODELS;

EID: 72249099471     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2009.10.060     Document Type: Article
Times cited : (3)

References (24)
  • 2
    • 72249101393 scopus 로고    scopus 로고
    • Does permit price reflect fundaments in the European Union emissions trading market? Theory and Econometric Analysis
    • Manuscript, March
    • Aatola, P., Ollikainen, M., 2008. Does permit price reflect fundaments in the European Union emissions trading market? Theory and Econometric Analysis, Manuscript, March 2008.
    • (2008)
    • Aatola, P.1    Ollikainen, M.2
  • 5
    • 84985846600 scopus 로고
    • Random input prices and the theory of the firm
    • Blair R.D. Random input prices and the theory of the firm. Economic Inquiry 12 (1974) 214-226
    • (1974) Economic Inquiry , vol.12 , pp. 214-226
    • Blair, R.D.1
  • 6
    • 0030538988 scopus 로고
    • Economic behavior under uncertainty: a joint analysis of risk preferences and technology
    • Chavas J.-P., and Holt M.T. Economic behavior under uncertainty: a joint analysis of risk preferences and technology. Review of Economics and Statistics 78 (1994) 329-335
    • (1994) Review of Economics and Statistics , vol.78 , pp. 329-335
    • Chavas, J.-P.1    Holt, M.T.2
  • 8
    • 72249109052 scopus 로고
    • District Heating Statistic
    • District Heating Statistic 1995-2006. Finnish Energy Industries.
    • (1995) Finnish Energy Industries
  • 10
    • 72249112845 scopus 로고    scopus 로고
    • Finnish Forest Research Institute, Vammalan Kirjapaino Oy, Vammala
    • Finnish Forest Research Institute, 2007. Metsätilastollinen Vuosikirja 2007. Vammalan Kirjapaino Oy, Vammala.
    • (2007) Metsätilastollinen Vuosikirja 2007
  • 14
    • 0000481829 scopus 로고
    • Hedging and the competitive firm under price uncertainty
    • Holthausen D.M. Hedging and the competitive firm under price uncertainty. American Economic Review 69 (1979) 989-995
    • (1979) American Economic Review , vol.69 , pp. 989-995
    • Holthausen, D.M.1
  • 15
    • 72249112645 scopus 로고    scopus 로고
    • Kumpulainen, A., Pohjola, T., 2006. Risk management for EU emission trading scheme. Conference Paper: Integration and Communication: A Clear Route to Sustainability, Cardiff, Wales, 2-5.7.2006. Available from: http://www.mm.helsinki.fi/mmtal/ye/pomar/links/gin2006_paper_eu_ets_final.pdf
    • Kumpulainen, A., Pohjola, T., 2006. Risk management for EU emission trading scheme. Conference Paper: Integration and Communication: A Clear Route to Sustainability, Cardiff, Wales, 2-5.7.2006. Available from: http://www.mm.helsinki.fi/mmtal/ye/pomar/links/gin2006_paper_eu_ets_final.pdf
  • 18
    • 0000969565 scopus 로고
    • Choice under uncertainty: problems solved and unsolved
    • Machina M. Choice under uncertainty: problems solved and unsolved. Journal of Economic Perspectives 1 (1987) 121-154
    • (1987) Journal of Economic Perspectives , vol.1 , pp. 121-154
    • Machina, M.1
  • 20
    • 72249119348 scopus 로고    scopus 로고
    • Reuters 2007. Reuters 3000 Xtra Hosted Terminal Access Application Portal. Available from: https://3000xtra.glbl1.reuters.com/asp/login.asp
    • Reuters 2007. Reuters 3000 Xtra Hosted Terminal Access Application Portal. Available from: https://3000xtra.glbl1.reuters.com/asp/login.asp
  • 21
    • 43749088478 scopus 로고    scopus 로고
    • Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach
    • Roques F.A., Newbery D.M., and Nuttall W.J. Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach. Energy Economics 30 (2008) 1831-1949
    • (2008) Energy Economics , vol.30 , pp. 1831-1949
    • Roques, F.A.1    Newbery, D.M.2    Nuttall, W.J.3
  • 22
    • 0035080344 scopus 로고    scopus 로고
    • Fossil fuel flexibility in west European power generation and the impact of system load factors
    • Söderholm P. Fossil fuel flexibility in west European power generation and the impact of system load factors. Energy Economics 23 (2001) 77-97
    • (2001) Energy Economics , vol.23 , pp. 77-97
    • Söderholm, P.1
  • 23
    • 72249111413 scopus 로고    scopus 로고
    • Polttoaineluokitus ja päästökertoimet
    • Statistics Finland, 15.1, Available in Finnish
    • Statistics Finland. 2008. Polttoaineluokitus ja päästökertoimet. Searched 15.1.2008. Available in Finnish: http://www.stat.fi/til/khki/2003/khki_2003_2005-09-12_luo_002.html
    • (2008) Searched
  • 24
    • 0001588621 scopus 로고
    • The rationale of the mean-standard deviation analysis, skewness preference, and the demand for money
    • Tsiang S.C. The rationale of the mean-standard deviation analysis, skewness preference, and the demand for money. American Economic Review 62 (1972) 354-371
    • (1972) American Economic Review , vol.62 , pp. 354-371
    • Tsiang, S.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.