dc.contributor.author |
Boyle, Glenn |
|
dc.contributor.author |
Guthrie, Graeme |
|
dc.contributor.author |
Meade, Richard |
|
dc.date.accessioned |
2015-02-11T21:38:39Z |
|
dc.date.accessioned |
2022-07-06T22:33:48Z |
|
dc.date.available |
2015-02-11T21:38:39Z |
|
dc.date.available |
2022-07-06T22:33:48Z |
|
dc.date.copyright |
23/02/2006 |
|
dc.date.issued |
2006 |
|
dc.identifier.uri |
https://ir.wgtn.ac.nz/handle/123456789/18941 |
|
dc.description.abstract |
Responsibility for approving proposed transmission investment programmes in New Zealand has recently been placed in the hands of a newly-formed government regulator. In this paper we develop an analytical framework for conceptualising the investment test proposed by this regulator. Our framework reveals that the test involves a complex set of tradeoffs between economies of scale the time value of money and flexibility in the timing level and location of transmission investment assessment of which requires explicit recognition and valuation of real options. |
en_NZ |
dc.format |
pdf |
en_NZ |
dc.language.iso |
en_NZ |
|
dc.publisher |
Te Herenga Waka—Victoria University of Wellington |
en_NZ |
dc.rights |
Permission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870 |
en_NZ |
dc.subject |
grid investment test |
en_NZ |
dc.subject |
New Zealand |
en_NZ |
dc.title |
Real Options and Transmission Investment: the New Zealand Grid Investment Test |
en_NZ |
dc.type |
Text |
en_NZ |
vuwschema.contributor.unit |
New Zealand Institute for the Study of Competition and Regulation |
en_NZ |
vuwschema.contributor.unit |
Victoria Business School: Orauariki |
en_NZ |
vuwschema.subject.anzsrcfor |
149999 Economics not elsewhere classified |
en_NZ |
vuwschema.type.vuw |
Working or Occasional Paper |
en_NZ |
vuwschema.subject.anzsrcforV2 |
389999 Other economics not elsewhere classified |
en_NZ |