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Title:A Real Options Model for Electricity Capacity Expansion Author(s):GAHUNGU, Joachim; SMEERS, YvesDate:2012Type:Working PaperSeries/Number:EUI RSCAS; 2012/08; Loyola de Palacio Programme on Energy PolicyAbstract:This paper proposes a real option capacity expansion model for power generation with several technologies that differ in operation and investment costs. The economy is assumed perfectly competitive and the instantaneous ...