Flexibility Value of Czech Power-Generation

Jan Vlachý

Ekonomika a Management, 2008, vol. 2008, issue 2

Abstract: The power-generation industry offers numerous opportunities to apply real options. This paper uses current empirical market data to estimate the value of flexibility in the Czech energy sector, which can serve to compare available technologies, and support various investment decisions. The model also helps to explain particular investment trends.

Keywords: Reálné opce; Real options; Historická simulace.; Historical Simulation; Energetika; Power-Generation (search for similar items in EconPapers)
JEL-codes: C14 D81 G30 L94 (search for similar items in EconPapers)
Date: 2008
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