An options approach to investment in a h
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A.A. van Benthem; G.J. Kramer; R. Ramer
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Article
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2006
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Elsevier Science
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English
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This paper discusses the investments needed for the introduction of hydrogen as a transport fuel. Using option theory, we develop a model to calculate the value and optimal timing of a first commercial rollout of hydrogen vehicles in a larger area, taking Japan as a specific example. We find that th