Kumbaroglu, Gürkan; Madlener, Reinhard; Demirel, Mustafa - In: Energy Economics 30 (2008) 4, pp. 1882-1908
This study presents a policy planning model that integrates learning curve information on renewable power generation technologies into a dynamic programming formulation featuring real options analysis. The model recursively evaluates a set of investment alternatives on a year-by-year basis,...