Energy Technology and Valuation Issues
This volume investigates the impact of energy technology innovations on economic development and presents new areas of research into the financial economics of energy as well as new studies into valuation, electricity pricing and the economic, regulatory
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Energy Technology and Valuation Issues
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Andre´ Dorsman • Wim Westerman • John L. Simpson Editors
Energy Technology and Valuation Issues
Editors Andre´ Dorsman Department of Finance VU University Amsterdam Faculty of Economics and Business Administration Amsterdam The Netherlands
Wim Westerman Department of Finance University of Groningen Faculty of Economics and Business Groningen The Netherlands
John L. Simpson School of Economics and Finance Curtin Business School Curtin University Perth West Australia Australia
ISBN 978-3-319-13745-2 ISBN 978-3-319-13746-9 (eBook) DOI 10.1007/978-3-319-13746-9 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2015931249 # Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
Various parties have long been interested in the efficient use of scare resources in the generation and provision of producer and consumer goods. Over time, the list of resources has been extended by some from land, labor, and capital to include materials, energy, and talent (entrepreneurial and managerial). Policy makers and academics are interested in the effect of resources (like energy) that are s
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