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dc.contributor.authorAdkins, Roger*
dc.contributor.authorPaxson, D.*
dc.date.accessioned2019-02-19T12:00:34Z
dc.date.available2019-02-19T12:00:34Z
dc.date.issued2019-06
dc.identifier.citationAdkins R and Paxson D (2019) Real collars as alternative incentives for subsidizing energy facilities. The Manchester School. 87(3): 428-454.en_US
dc.identifier.urihttp://hdl.handle.net/10454/16820
dc.descriptionYes
dc.description.abstractWe suggest that real collars may be acceptable incentives for encouraging development of low (or no) carbon energy generating facilities as an alternative for high feed‐in‐tariffs. We provide novel analytical solutions for real collars and partial collars, plus floor and ceiling partial derivatives. The ‘gains/losses’ of the energy generator as perceived parameter values change are compared to those of the government providing the collar, and floor or ceiling only, viewing the arrangement as a real option game between principal and agent. A volatility increase first increases, then decreases the ‘gains’ of the generator.en_US
dc.language.isoenen_US
dc.rights© 2018 The University of Manchester and John Wiley & Sons Ltd. This is the peer reviewed version of the following article: Adkins R and Paxson D (2019) Real collars as alternative incentives for subsidizing energy facilities. The Manchester School. 87(3): 428-454, which has been published in final form at https://doi.org/10.1111/manc.12253. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
dc.subjectEconomic incentives
dc.subjectCollar options
dc.subjectPrice floors and ceilings
dc.subjectSubsidized energy facilities
dc.titleReal collars as alternative incentives for subsidizing energy facilitiesen_US
dc.status.refereedYes
dc.date.application15/11/2018
dc.typeArticle
dc.type.versionAccepted manuscript
dc.identifier.doihttps://doi.org/10.1111/manc.12253
refterms.dateFOA2019-02-19T12:00:34Z
dc.openaccess.statusopenAccess
dc.date.accepted16/07/2018


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