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Flexibility Value of Czech Power-Generation

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  • Jan Vlachý

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.

Suggested Citation

  • Jan Vlachý, 2008. "Flexibility Value of Czech Power-Generation," Ekonomika a Management, Prague University of Economics and Business, vol. 2008(2).
    • Handle: RePEc:prg:jnleam:v:2008:y:2008:i:2:id:28
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    References listed on IDEAS

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    More about this item

    Keywords

    Reálné opce; Real options; Historická simulace.; Historical Simulation; Energetika; Power-Generation;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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