IDEAS home Printed from
   My bibliography  Save this paper

Essays on Investments in New Technologies --- Policy, Information, and Learning


  • Miao, Ruiqing


The general theme of this dissertation is investment in new technologies, with a focus on the impact of policy, information, and learning. The first essay investigates the impacts of the waivable biofuel mandates on investment in cellulosic biofuel refineries. This essay contributes to the understanding of waivable mandates by specifying conditions under which even a waivable mandate can stimulate investment in cellulosic biofuel refineries. Focusing on wheat markets, the second essay estimates (1) growers' willingness to pay for a new technology that can segregate wheat grain after measuring grain protein concentration, (2) the new technology's impacts on U.S. wheat markets, and (3) the technology's market prospect. The third essay studies optimal investments in two lines of research activities under uncertainties of climate change and research outcomes. These two lines of research activities are (1) research to mitigate the possible negative impact of climate change; and (2) research to investigate the true impact of climate change.

Suggested Citation

  • Miao, Ruiqing, 2012. "Essays on Investments in New Technologies --- Policy, Information, and Learning," ISU General Staff Papers 201201010800003414, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genstf:201201010800003414

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Kolstad, Charles D., 1996. "Fundamental irreversibilities in stock externalities," Journal of Public Economics, Elsevier, vol. 60(2), pages 221-233, May.
    2. Fisher, Anthony C & Krutilla, John V & Cicchetti, Charles J, 1974. "The Economics of Environmental Preservation: Further Discussion," American Economic Review, American Economic Association, vol. 64(6), pages 1030-1039, December.
    3. David A. Hennessy & GianCarlo Moschini, 2006. "Regulatory Actions under Adjustment Costs and the Resolution of Scientific Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 308-323.
    4. Baker, Erin & Adu-Bonnah, Kwame, 2008. "Investment in risky R&D programs in the face of climate uncertainty," Energy Economics, Elsevier, vol. 30(2), pages 465-486, March.
    5. Claude Henry, 1974. "Option Values in the Economics of Irreplaceable Assets," Review of Economic Studies, Oxford University Press, vol. 41(5), pages 89-104.
    6. Olson, Lars J., 1990. "Environmental preservation with production," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 88-96, January.
    7. Schimmelpfennig, David, 1995. "The option value of renewable energy: The case of climate change," Energy Economics, Elsevier, vol. 17(4), pages 311-317, October.
    8. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, Oxford University Press, vol. 88(2), pages 312-319.
    9. Burton A. Weisbrod, 1964. "Collective-Consumption Services of Individual-Consumption Goods," The Quarterly Journal of Economics, Oxford University Press, vol. 78(3), pages 471-477.
    10. Baker, Erin & Shittu, Ekundayo, 2008. "Uncertainty and endogenous technical change in climate policy models," Energy Economics, Elsevier, vol. 30(6), pages 2817-2828, November.
    11. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isu:genstf:201201010800003414. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Curtis Balmer). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.