A Real Options Analysis of the Effects of Oil Price Uncertainty and Carbon Taxes on the Optimal Timing of Oil Field Decommissioning

2022 ◽  
Vol 43 (01) ◽  
Author(s):  
Yakubu Abdul-Salam
Keyword(s):  
Real Options ◽  
Oil Field ◽  
Oil Price ◽  
Optimal Timing ◽  
Price Uncertainty ◽  
Carbon Taxes ◽  
Real Options Analysis

Optimal timing of wind farm repowering: a two-factor real options analysis

2014 ◽  
Vol 7 (3) ◽  
pp. 3-34 ◽  
Author(s):  
Sebastian Himpler ◽  
Reinhard Madlener
Keyword(s):  
Real Options ◽  
Wind Farm ◽  
Optimal Timing ◽  
Real Options Analysis

The Valuation of Information Technology Investments by Real Options Analysis

2009 ◽  
Vol 12 (04) ◽  
pp. 611-628 ◽  
Author(s):  
Kuo-Jung Lee ◽  
David S. Shyu ◽  
Miao-Ling Dai
Keyword(s):  
Information Technology ◽  
Real Options ◽  
Cost Savings ◽  
Price Volatility ◽  
Closed Form Expression ◽  
Optimal Timing ◽  
Real Options Analysis ◽  
It Investments ◽  
Output Price ◽  
Information Technology Investments

This study establishes a dynamic model under real options analysis to analyze the optimal timing decision of information technology (IT) investments when the output price for firms is stochastic and benefits of IT investments are arisen from the increasing output price, increasing sale, and cost savings. We derive the closed form expression of the timing of IT investments and furthermore prove that IT investments rise at an increasing rate in economic booms and fall in economic busts. This study finds that increasing (decreasing) price volatility will delay (advance) the timing of IT investments. Increasing IT investments, however, may not delay the timing of IT investments. In addition, the decreasing (increasing) efficiency and increasing (decreasing) depreciation of IT investments will delay (advance) the timing of IT investments.

Oil field optimization under price uncertainty

1998 ◽  
Vol 49 (8) ◽  
pp. 811-818 ◽  
Author(s):  
T W Jonsbråten
Keyword(s):  
Oil Field ◽  
Price Uncertainty

scholarly journals Oil Price Uncertainty, Globalization, and Total Factor Productivity: Evidence from the European Union

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3429
Author(s):  
Svetlana Balashova ◽  
Apostolos Serletis
Keyword(s):  
European Union ◽  
Total Factor Productivity ◽  
New Technologies ◽  
Innovation System ◽  
Price Volatility ◽  
Oil Price ◽  
Price Uncertainty ◽  
The European Union ◽  
Factor Productivity ◽  
Tfp Growth

This paper uncovers linkages between oil price uncertainty, total factor productivity (TFP) growth, and critical indicators of knowledge production and spillovers. It contributes to the literature by investigating the effects of oil price volatility on TFP growth, controlling for two different channels for TFP growth; benefits from the quality of the national innovation system and from adopting new technologies. We use an unbalanced panel for 28 European Union countries for the period from 1990 to 2018. We find that oil price uncertainty has a negative and statistically significant effect on TFP growth, even after we control for technological advancements and the effects of globalization. We also find that the scale of research and innovation and international trade are positive contributors to TFP growth.

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