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Details about Graeme Guthrie

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Homepage:https://sites.google.com/view/graemeguthrie
Workplace:School of Economics and Finance, Wellington School of Business and Government, Victoria University of Wellington, (more information at EDIRC)

Access statistics for papers by Graeme Guthrie.

Last updated 2021-01-07. Update your information in the RePEc Author Service.

Short-id: pgu196


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Working Papers

2018

  1. How Do Firms Make Capital Structure Decisions When Facing Big Events? The Case of Hospital Corporation of America (HCA)
    Working Papers in Economics, University of Canterbury, Department of Economics and Finance Downloads

2012

  1. Contemporary Microeconomic Foundations for the Structure and Management of the Public Sector
    Treasury Working Paper Series, New Zealand Treasury Downloads View citations (2)
  2. Incomplete Contracts: Implications for the Organisation of the Public Sector' presented by Neil Quigley 6 Sept 2012
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  3. Valuation of Carbon Forestry and the New Zealand Emissions Trading Scheme: A Real Options Approach Using the Binomial Tree Method
    2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil, International Association of Agricultural Economists Downloads
    Also in 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil, International Association of Agricultural Economists (2012) Downloads

2011

  1. An Examination of Frank Wolak’s Model of Market Power and its Application to the New Zealand Electricity Market
    Working Papers in Economics, University of Canterbury, Department of Economics and Finance Downloads
    See also Journal Article in New Zealand Economic Papers (2012)
  2. Climate Change Mitigation Policy: The Effect of the New Zealand Emissions Trading Scheme on New Radiata Pine Forest Plantations in New Zealand
    2011 Conference (55th), February 8-11, 2011, Melbourne, Australia, Australian Agricultural and Resource Economics Society Downloads View citations (1)

2010

  1. A Binomial Tree Approach to Valuing Fixed Rotation Forests and Flexible Rotation Forests Under a Mean Reverting Timber Price Process
    2010 Conference, August 26-27, 2010, Nelson, New Zealand, New Zealand Agricultural and Resource Economics Society Downloads
  2. A New Zealand Electricity Market Model: Assessment of the Effect of Climate Change on Electricity Production and Consumption
    Working Papers, Motu Economic and Public Policy Research Downloads View citations (4)
    Also in Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation (2010) Downloads View citations (4)
  3. Climate Change: winners and losers in New Zealand's electricity market
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads

2008

  1. Estimating Implied Valuation Parameters: Extension and Application to Ground Lease Rentals
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads

2007

  1. Commodity Price Behavior With Storage Frictions
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (1)

2006

  1. A Dynamic Theory of Cooperatives: The Link between Efficiency and Valuation
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (4)
    See also Journal Article in Journal of Institutional and Theoretical Economics (JITE) (2006)
  2. Assessing the Integration of Electricity Markets Using Principal Component Analysis: Network and Market Structure Effects
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
    See also Journal Article in Contemporary Economic Policy (2008)
  3. Estimating the WACC in a Regulatory Setting: An Assessment of Dr Martin Lally's paper 'The Weighted Average Cost of Capital for Electricity Lines Businesses' of 8 September 2005
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  4. Hedging the Value of Waiting
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (3)
    See also Journal Article in Journal of Banking & Finance (2006)
  5. Incentive Regulation of Prices when Costs are Sunk
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (17)
    See also Journal Article in Journal of Regulatory Economics (2006)
  6. My Kingdom for a Horse: Resolving Conflicts of Interest in Asset Management
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  7. Options Provided by Storage can Explain High Electricity Prices
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  8. Payback Without Apology
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (2)
    See also Journal Article in Accounting and Finance (2006)
  9. Price regulation and investment: a two-way street
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  10. Real Options and Transmission Investment: the New Zealand Grid Investment Test
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (11)
  11. Regulating Infrastructure: The Impact on Risk and Investment
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (151)
    See also Journal Article in Journal of Economic Literature (2006)

2005

  1. Corporate investment: is the long-term view always best?
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  2. Human Capital and Popular Investment Advice
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (5)
    See also Journal Article in Review of Finance (2005)
  3. Incentive Regulation: Asset Valuation and Investment in Advance
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  4. Missed Opportunities: Optimal Investment Timing when Information is Costly
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
    See also Journal Article in Journal of Financial and Quantitative Analysis (2007)
  5. Risk, Price Regulation, and Irreversible Investment
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (17)
    See also Journal Article in International Journal of Industrial Organization (2005)

2004

  1. Cricket Interruptus: Fairness and Incentive in Interrupted Cricket Matches
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (2)
    Also in Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers, Indian Statistical Institute, New Delhi, India (2002) Downloads
    Discussion Papers, Indian Statistical Institute, Delhi (2002) Downloads
  2. Electricity Spot Price Dynamics: Beyond Financial Models
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
    See also Journal Article in Energy Policy (2007)
  3. Sunk Investments, Regulation and the Cost of Capital
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads

2003

  1. Approaches to Assessing Market Power in Electricity Markets
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (1)
  2. Asset Stranding is Inevitable: Implications for Optimal Regulatory Design
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  3. Build it and they may leave! Asset-Stranding: Risk and Regulation
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  4. Carbon Subsidies and Optimal Forest Management
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (2)
  5. Competing Payment Schemes
    Working Papers, Department of Economics, The University of Auckland Downloads View citations (18)
    See also Journal Article in Journal of Industrial Economics (2007)
  6. Is New Zealand One Market or Many? Implications for Locational Portfolios
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  7. The Required Rate of Return with Sunk Investments
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads

2002

  1. Can Ex Post Rates of Return Detect Monopoly Profits?
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  2. Capping network profits in a world of bad news
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  3. Efficient Price Regulations of Networks that have Sunk Costs: Should Caps be Based on Historical or Replacement Costs
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads
  4. High Frequency Electricity Spot Price Dynamics: An Intra-day Markets Approach
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation Downloads View citations (2)
  5. One filming to bind them
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  6. The marginal cost of electricity: What is water worth?
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads
  7. Unbundling the debate over bundling in the dairy industry
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation Downloads

Journal Articles

2020

  1. Easy money? Managerial power and the option backdating game revisited
    Journal of Banking & Finance, 2020, 118, (C) Downloads
  2. Incentivizing residential land development
    Housing Studies, 2020, 35, (5), 820-838 Downloads
  3. Investment flexibility as a barrier to entry
    Journal of Economic Dynamics and Control, 2020, 116, (C) Downloads
  4. Regulation, welfare, and the risk of asset stranding
    The Quarterly Review of Economics and Finance, 2020, 78, (C), 273-287 Downloads

2019

  1. Real options analysis of climate-change adaptation: investment flexibility and extreme weather events
    Climatic Change, 2019, 156, (1), 231-253 Downloads

2014

  1. Forest Valuation under the New Zealand Emissions Trading Scheme: A Real Options Binomial Tree with Stochastic Carbon and Timber Prices
    Land Economics, 2014, 90, (1), 44-60 Downloads View citations (6)
  2. REAL OPTIONS AND THE CROSS-SECTION OF EXPECTED STOCK RETURNS
    Journal of Economic Surveys, 2014, 28, (2), 265-283 Downloads

2013

  1. A value premium without operating leverage
    Finance Research Letters, 2013, 10, (1), 1-11 Downloads View citations (3)
  2. The role of storage in a competitive electricity market and the effects of climate change
    Energy Economics, 2013, 36, (C), 405-418 Downloads View citations (7)

2012

  1. An examination of Frank Wolak's model of market power and its application to the New Zealand electricity market
    New Zealand Economic Papers, 2012, 46, (1), 25-34 Downloads
    See also Working Paper (2011)
  2. Price-cap regulation and the scale and timing of investment
    RAND Journal of Economics, 2012, 43, (3), 537-561 Downloads View citations (20)
  3. Regulated prices and real options
    Telecommunications Policy, 2012, 36, (8), 650-663 Downloads View citations (4)
  4. Uncertainty and the trade-off between scale and flexibility in investment
    Journal of Economic Dynamics and Control, 2012, 36, (11), 1718-1728 Downloads View citations (8)

2011

  1. A note on operating leverage and expected rates of return
    Finance Research Letters, 2011, 8, (2), 88-100 Downloads View citations (5)

2010

  1. Holding onto Your Horses: Conflicts of Interest in Asset Management
    Journal of Law and Economics, 2010, 53, (4), 689 - 713 Downloads View citations (4)
  2. House prices, development costs, and the value of waiting
    Journal of Urban Economics, 2010, 68, (1), 56-71 Downloads View citations (10)

2009

  1. Carbon Subsidies, Taxes and Optimal Forest Management
    Environmental & Resource Economics, 2009, 43, (2), 275-293 Downloads View citations (17)
  2. Estimating unobservable valuation parameters for illiquid assets
    Accounting and Finance, 2009, 49, (3), 465-479 Downloads View citations (1)
  3. How Options Provided by Storage Affect Electricity Prices
    Southern Economic Journal, 2009, 75, (3), 681–702 View citations (6)

2008

  1. ASSESSING THE INTEGRATION OF ELECTRICITY MARKETS USING PRINCIPAL COMPONENT ANALYSIS: NETWORK AND MARKET STRUCTURE EFFECTS
    Contemporary Economic Policy, 2008, 26, (1), 145-161 Downloads View citations (5)
    See also Working Paper (2006)

2007

  1. COMPETING PAYMENT SCHEMES*
    Journal of Industrial Economics, 2007, 55, (1), 37-67 Downloads View citations (23)
    See also Working Paper (2003)
  2. Electricity spot price dynamics: Beyond financial models
    Energy Policy, 2007, 35, (11), 5614-5621 Downloads View citations (31)
    See also Working Paper (2004)
  3. Missed Opportunities: Optimal Investment Timing When Information is Costly
    Journal of Financial and Quantitative Analysis, 2007, 42, (2), 467-488 Downloads View citations (2)
    See also Working Paper (2005)

2006

  1. A Dynamic Theory of Cooperatives: The Link between Efficiency and Valuation
    Journal of Institutional and Theoretical Economics (JITE), 2006, 162, (2), 364-383 Downloads View citations (5)
    See also Working Paper (2006)
  2. Hedging the value of waiting
    Journal of Banking & Finance, 2006, 30, (4), 1245-1267 Downloads View citations (3)
    See also Working Paper (2006)
  3. Incentive Regulation of Prices When Costs are Sunk
    Journal of Regulatory Economics, 2006, 29, (3), 239-264 Downloads View citations (19)
    See also Working Paper (2006)
  4. Payback without apology
    Accounting and Finance, 2006, 46, (1), 1-10 Downloads View citations (2)
    See also Working Paper (2006)
  5. Pricing access: Forward-looking versus backward-looking cost rules
    European Economic Review, 2006, 50, (7), 1767-1789 Downloads View citations (16)
  6. Regulating Infrastructure: The Impact on Risk and Investment
    Journal of Economic Literature, 2006, 44, (4), 925-972 Downloads View citations (159)
    See also Working Paper (2006)

2005

  1. Human Capital and Popular Investment Advice
    Review of Finance, 2005, 9, (2), 139-164 Downloads View citations (5)
    Also in Review of Finance, 2005, 9, (2), 139-164 (2005) Downloads

    See also Working Paper (2005)
  2. Reply to the comments of Duckworth and Lewis
    Journal of the Operational Research Society, 2005, 56, (11), 1337-1341 Downloads
  3. Risk, price regulation, and irreversible investment
    International Journal of Industrial Organization, 2005, 23, (1-2), 109-128 Downloads View citations (20)
    See also Working Paper (2005)

2004

  1. Cricket interruptus: fairness and incentive in limited overs cricket matches
    Journal of the Operational Research Society, 2004, 55, (8), 822-829 Downloads View citations (5)
  2. The Optimal Design of Interest Rate Target Changes
    Journal of Money, Credit and Banking, 2004, 36, (1), 115-37 View citations (7)

2003

  1. Cash Flow Immediacy and the Value of Investment Timing
    Journal of Financial Research, 2003, 26, (4), 553-570 Downloads View citations (1)
  2. Investment, Uncertainty, and Liquidity
    Journal of Finance, 2003, 58, (5), 2143-2166 Downloads View citations (98)

2000

  1. Open mouth operations
    Journal of Monetary Economics, 2000, 46, (2), 489-516 Downloads View citations (150)

1999

  1. Testing the expectations theory of the term structure for New Zealand
    New Zealand Economic Papers, 1999, 33, (1), 93-114 Downloads View citations (6)

Books

2009

  1. Real Options in Theory and Practice
    OUP Catalogue, Oxford University Press View citations (40)

Chapters

2017

  1. Commodity Prices and the Option Value of Storage
    Chapter 1 in Real Options in Energy and Commodity Markets, 2017, pp 3-29 Downloads
 
Page updated 2021-02-24