La valutazione della flessibilità nel servizio idrico integrato

Journal title ECONOMIA PUBBLICA
Author/s Chiara D'Alpaos e Michele Moretto
Publishing Year 2005 Issue 2005/3
Language Italian Pages 34 P. File size 2396 KB
DOI
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

We analyse the optimal investment strategy of a monopolist firm, which has subscribed some sort of concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist firm chooses both the timing of the investment and the capacity. We focus not only on the value of the immediate investment, but rather on the value of the investment opportunity. We then extend the model to two interdependent projects, where undertaking the first project provides the opportunity to acquire at maturity the benefits of the new investment by making a new outlay. We show that flexibility to defer an investment may generate, ceteris paribus, additional profits, which may induce positive effects in terms of consumers surplus.

Chiara D'Alpaos e Michele Moretto, La valutazione della flessibilità nel servizio idrico integrato in "ECONOMIA PUBBLICA " 3/2005, pp , DOI: