Evaluating the optimal timing and capacity of investments in flexible combined heat and power generation for energy-intensive industries

Autor: Dimitrios Zormpas, Giorgia Oggioni

Publikováno v: Annals of Operations Research.

Substantial R &D efforts are currently directed towards the development of combined heat and power (CHP) systems that automatically and seamlessly connect to the power grid. In this paper we develop a real options model to assess the impact that the

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::633eea7e6eb9826c87226563af4de511
https://doi.org/10.1007/s10479-023-05273-x

Investments under vertical relations and agency conflicts: A real options approach

Autor: Dimitrios Zormpas

Publikováno v: International Review of Economics & Finance. 70:273-287

We examine the case of a firm holding the option to make an uncertain and irreversible investment. The firm is decentralized and there is information asymmetry between the owner and the investment manager regarding the price of an input (e.g. a key e

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::566f2808726a9dffbe8b2750eee13f01
https://doi.org/10.1016/j.iref.2020.06.017

Investment in farming under uncertainty and decoupled support: a real options approach

Autor: Luca Di Corato, Dimitrios Zormpas

We develop a real options model to assess the impact of decoupled payments on agricultural investments. The context that we are addressing is the one set by the Common Agricultural Policy where farmers are eligible for decoupled payments as long as t

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1af77a6c3867d68bec836ceed7fe0375
http://hdl.handle.net/10278/3755316

The dynamics of preemptive and follower investments with overlapping ownership

Autor: Richard Ruble, Dimitrios Zormpas

Publikováno v: Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control, Elsevier, 2021, 129, pp.104175. ⟨10.1016/j.jedc.2021.104175⟩

We study how overlapping ownership affects investments in a preemption race with market uncertainty. Internalization of rival payoffs delays follower entry if product market effects are moderate, implying longer incumbency which intensifies the race

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::818796e570e774d6464969e13aff6cda
https://halshs.archives-ouvertes.fr/halshs-03456433

Excess returns in Public-Private Partnerships: Do governments pay too much?

Autor: Dimitrios Zormpas, Michele Moretto, Marco Buso

We study the optimal design of Public-Private Partnerships (PPPs) when there is unobservable action on the private party's side. We show that if the private party does not have negotiating power over the project's surplus, then no inefficient delays

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::da3ee75346cad087306f28466f3eedb7
http://hdl.handle.net/10807/201641