✦ LIBER ✦

The application of venture analysis to public policy decisions: A case study of photovoltaics

✍ Scribed by Dennis Costello; David Posner

Publisher: Springer US
Year: 1984
Tongue: English
Weight: 778 KB
Volume: 16
Category: Article
ISSN: 0032-2687
DOI: 10.1007/bf00138513

No coin nor oath required. For personal study only.

✦ Synopsis

Venture analysis is a group of analytical techniques normally used by the private sector to assist in major capital decisions. The approach can be applied to public policy decisions in those cases where changing private sector investment decisions are the central focus. A case study concerning a temporary subsidy to an emerging energy technology is reviewed. Major strengths of the approach are its use of numerous data-and opinion-gathering techniques and its explicit treatment of market and supply uncertainties. The major weakness is its lack of ability to handle those social costs and benefits for which no market exists. Implications for other policy studies are also presented.

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