The option to abandon: Stimulating innovative groundwater remediation technologies characterized by technological uncertainty
作者： T. Compernolle , S. Van Passel , K. Huisman , P. Kort
DOI: 10.1016/J.SCITOTENV.2014.07.019
关键词:
摘要: Many studies on technology adoption demonstrate that uncertainty leads to a postponement of investments by integrating wait option in the economic analysis. The aim this study however is how investment new technologies can be stimulated an abandon. Furthermore, real analysis not only considers ex ante decision under uncertainty, but also allows for post evaluation investment. Based case regarding innovative groundwater remediation strategy, it demonstrated when abandon taken into account, maker decides invest technology, while at same time determines optimal timing if its operation proves inefficient. To reduce about effectiveness technologies, samples are taken. Our shows initial belief effective low, important these provide correct information order justify technology.
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