Details about Graeme Guthrie

Access statistics for papers by Graeme Guthrie.

Last updated 2024-04-27. Update your information in the RePEc Author Service.

Short-id: pgu196

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

2012

2. Contemporary Microeconomic Foundations for the Structure and Management of the Public Sector
   Treasury Working Paper Series, New Zealand Treasury View citations (3)
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
   Also in 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil, International Association of Agricultural Economists (2012)

2011

4. 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
   See also Journal Article An examination of Frank Wolak's model of market power and its application to the New Zealand electricity market, New Zealand Economic Papers, Taylor & Francis Journals (2012) View citations (1) (2012)
5. 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 View citations (1)

2010

6. 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
7. 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 View citations (8)
8. Climate Change: winners and losers in New Zealand's electricity market
   Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation

2006

9. Price regulation and investment: a two-way street
   Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation

2005

10. Corporate investment: is the long-term view always best?
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation

2003

11. Build it and they may leave! Asset-Stranding: Risk and Regulation
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation
12. Competing Payment Schemes
    Working Papers, Department of Economics, The University of Auckland View citations (22)
    See also Journal Article COMPETING PAYMENT SCHEMES*, Journal of Industrial Economics, Wiley Blackwell (2007) View citations (54) (2007)

2002

13. Capping network profits in a world of bad news
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation
14. Cricket interruptus: Fairness and incentive in interruped cricket matches
    Discussion Papers, Indian Statistical Institute, Delhi
15. One filming to bind them
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation
16. The marginal cost of electricity: What is water worth?
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation
17. Unbundling the debate over bundling in the dairy industry
    Competition & Regulation Times, New Zealand Institute for the Study of Competition and Regulation

Journal Articles

2020

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

2019

5. Real options analysis of climate-change adaptation: investment flexibility and extreme weather events
   Climatic Change, 2019, 156, (1), 231-253 View citations (6)

2014

6. 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 View citations (11)
7. REAL OPTIONS AND THE CROSS-SECTION OF EXPECTED STOCK RETURNS
   Journal of Economic Surveys, 2014, 28, (2), 265-283

2013

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

2012

10. 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 View citations (1)
    See also Working Paper An Examination of Frank Wolak’s Model of Market Power and its Application to the New Zealand Electricity Market, Working Papers in Economics (2011) (2011)
11. Price-cap regulation and the scale and timing of investment
    RAND Journal of Economics, 2012, 43, (3), 537-561 View citations (30)
12. Regulated prices and real options
    Telecommunications Policy, 2012, 36, (8), 650-663 View citations (6)
13. Uncertainty and the trade-off between scale and flexibility in investment
    Journal of Economic Dynamics and Control, 2012, 36, (11), 1718-1728 View citations (11)

2011

14. A note on operating leverage and expected rates of return
    Finance Research Letters, 2011, 8, (2), 88-100 View citations (10)

2010

15. Holding onto Your Horses: Conflicts of Interest in Asset Management
    Journal of Law and Economics, 2010, 53, (4), 689 - 713 View citations (5)
16. House prices, development costs, and the value of waiting
    Journal of Urban Economics, 2010, 68, (1), 56-71 View citations (17)

2009

17. Carbon Subsidies, Taxes and Optimal Forest Management
    Environmental & Resource Economics, 2009, 43, (2), 275-293 View citations (21)
18. Estimating unobservable valuation parameters for illiquid assets
    Accounting and Finance, 2009, 49, (3), 465-479 View citations (1)

2008

19. ASSESSING THE INTEGRATION OF ELECTRICITY MARKETS USING PRINCIPAL COMPONENT ANALYSIS: NETWORK AND MARKET STRUCTURE EFFECTS
    Contemporary Economic Policy, 2008, 26, (1), 145-161 View citations (6)

2007

20. COMPETING PAYMENT SCHEMES*
    Journal of Industrial Economics, 2007, 55, (1), 37-67 View citations (54)
    See also Working Paper Competing Payment Schemes, Working Papers (2003) View citations (22) (2003)
21. Electricity spot price dynamics: Beyond financial models
    Energy Policy, 2007, 35, (11), 5614-5621 View citations (35)
22. Missed Opportunities: Optimal Investment Timing When Information is Costly
    Journal of Financial and Quantitative Analysis, 2007, 42, (2), 467-488 View citations (3)

2006

23. A Dynamic Theory of Cooperatives: The Link between Efficiency and Valuation
    Journal of Institutional and Theoretical Economics (JITE), 2006, 162, (2), 364-383 View citations (7)
24. Hedging the value of waiting
    Journal of Banking & Finance, 2006, 30, (4), 1245-1267 View citations (3)
25. Incentive Regulation of Prices When Costs are Sunk
    Journal of Regulatory Economics, 2006, 29, (3), 239-264 View citations (33)
26. Payback without apology
    Accounting and Finance, 2006, 46, (1), 1-10 View citations (3)
27. Pricing access: Forward-looking versus backward-looking cost rules
    European Economic Review, 2006, 50, (7), 1767-1789 View citations (19)
28. Regulating Infrastructure: The Impact on Risk and Investment
    Journal of Economic Literature, 2006, 44, (4), 925-972 View citations (200)

2005

29. Human Capital and Popular Investment Advice
    Review of Finance, 2005, 9, (2), 139-164 View citations (6)
    Also in Review of Finance, 2005, 9, (2), 139-164 (2005) View citations (6)
30. Reply to the comments of Duckworth and Lewis
    Journal of the Operational Research Society, 2005, 56, (11), 1337-1341
31. Risk, price regulation, and irreversible investment
    International Journal of Industrial Organization, 2005, 23, (1-2), 109-128 View citations (26)

2004

32. Cricket interruptus: fairness and incentive in limited overs cricket matches
    Journal of the Operational Research Society, 2004, 55, (8), 822-829 View citations (10)
33. The Optimal Design of Interest Rate Target Changes
    Journal of Money, Credit and Banking, 2004, 36, (1), 115-37 View citations (11)

2003

34. Cash Flow Immediacy and the Value of Investment Timing
    Journal of Financial Research, 2003, 26, (4), 553-570 View citations (2)
35. Investment, Uncertainty, and Liquidity
    Journal of Finance, 2003, 58, (5), 2143-2166 View citations (136)

2000

36. Open mouth operations
    Journal of Monetary Economics, 2000, 46, (2), 489-516 View citations (180)

1999

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

Books

2009

1. Real Options in Theory and Practice
   OUP Catalogue, Oxford University Press View citations (56)

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