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Indivisibilities and Irreversibilities of Renewable Energy Adoption Processes: National Competition vs. Local Monopolistic Markets

In: Sustainable Cities and Energy Policies

Author

Listed:
  • Roberta Capello

    (University of Molise
    Politecnico of Milan)

  • Peter Nijkamp

    (Free University)

  • Gerard Pepping

    (Free University)

Abstract

In the previous chapter an adoption choice model for energy suppliers has been presented under the assumption of a national monopolistic energy production market. However, as witnessed by the analysis carried out in Section 3.4, the recent institutional changes governing the energy market drive the energy industry towards a more open market structure. These changes are important for our theoretical model, since the institutional rules governing the market influence the trends of adoption costs and revenues, their values over time, and thus the optimal time of adoption.

Suggested Citation

  • Roberta Capello & Peter Nijkamp & Gerard Pepping, 1999. "Indivisibilities and Irreversibilities of Renewable Energy Adoption Processes: National Competition vs. Local Monopolistic Markets," Advances in Spatial Science, in: Sustainable Cities and Energy Policies, chapter 6, pages 115-146, Springer.
    • Handle: RePEc:spr:adspcp:978-3-662-03833-8_6
    DOI: 10.1007/978-3-662-03833-8_6
    as

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