{"id":"https://openalex.org/W4308312293","doi":"https://doi.org/10.1016/j.enpol.2022.113309","title":"Don\u2019t stop me now: Incremental capacity growth under subsidy termination risk","display_name":"Don\u2019t stop me now: Incremental capacity growth under subsidy termination risk","publication_year":2022,"publication_date":"2022-11-04","ids":{"openalex":"https://openalex.org/W4308312293","doi":"https://doi.org/10.1016/j.enpol.2022.113309"},"language":"en","primary_location":{"id":"doi:10.1016/j.enpol.2022.113309","doi":"https://doi.org/10.1016/j.enpol.2022.113309","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.enpol.2022.113309","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0301421522005286/pdf","source":{"id":"https://openalex.org/S175056054","display_name":"Energy Policy","issn_l":"0301-4215","issn":["0301-4215","1873-6777"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energy Policy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.sciencedirect.com/science/article/pii/S0301421522005286/pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044740817","display_name":"Roel L. G. Nagy","orcid":"https://orcid.org/0000-0002-1314-069X","observed_orcids":["https://orcid.org/0000-0002-1314-069X"]},"institutions":[{"id":"https://openalex.org/I204778367","display_name":"Norwegian University of Science and Technology","ror":"https://ror.org/05xg72x27","country_code":"NO","type":"education","lineage":["https://openalex.org/I204778367"]}],"countries":["NO"],"is_corresponding":true,"raw_author_name":"Roel L.G. Nagy","raw_affiliation_strings":["Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway"],"raw_orcid":"https://orcid.org/0000-0002-1314-069X","affiliations":[{"raw_affiliation_string":"Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway","institution_ids":["https://openalex.org/I204778367"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038074638","display_name":"Stein\u2010Erik Fleten","orcid":"https://orcid.org/0000-0001-6462-0266","observed_orcids":["https://orcid.org/0000-0001-6462-0266"]},"institutions":[{"id":"https://openalex.org/I204778367","display_name":"Norwegian University of Science and Technology","ror":"https://ror.org/05xg72x27","country_code":"NO","type":"education","lineage":["https://openalex.org/I204778367"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Stein-Erik Fleten","raw_affiliation_strings":["Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway"],"raw_orcid":"https://orcid.org/0000-0001-6462-0266","affiliations":[{"raw_affiliation_string":"Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway","institution_ids":["https://openalex.org/I204778367"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002527376","display_name":"Lars Hegnes Sendstad","orcid":"https://orcid.org/0000-0002-3409-627X","observed_orcids":["https://orcid.org/0000-0002-3409-627X"]},"institutions":[{"id":"https://openalex.org/I204778367","display_name":"Norwegian University of Science and Technology","ror":"https://ror.org/05xg72x27","country_code":"NO","type":"education","lineage":["https://openalex.org/I204778367"]}],"countries":["NO"],"is_corresponding":false,"raw_author_name":"Lars H. Sendstad","raw_affiliation_strings":["Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway"],"raw_orcid":"https://orcid.org/0000-0002-3409-627X","affiliations":[{"raw_affiliation_string":"Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology, 7491 Trondheim, Norway","institution_ids":["https://openalex.org/I204778367"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5044740817"],"corresponding_institution_ids":["https://openalex.org/I204778367"],"apc_list":{"value":3240,"currency":"USD","value_usd":3240},"apc_paid":{"value":3240,"currency":"USD","value_usd":3240},"fwci":2.746,"has_fulltext":true,"cited_by_count":18,"citation_normalized_percentile":{"value":0.91617185,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"172","issue":null,"first_page":"113309","last_page":"113309"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12271","display_name":"Renewable energy and sustainable power systems","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/2105","display_name":"Renewable Energy, Sustainability and the Environment"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capacity-investment","display_name":"capacity investment","score":0.6389999985694885},{"id":"https://openalex.org/keywords/investment-irreversibility","display_name":"irreversible investment","score":0.6420000195503235},{"id":"https://openalex.org/keywords/industrial-investment","display_name":"industrial investment","score":0.5139999985694885},{"id":"https://openalex.org/keywords/demand-uncertainty","display_name":"demand uncertainty","score":0.5730000138282776},{"id":"https://openalex.org/keywords/monopoly","display_name":"monopoly","score":0.43799999356269836},{"id":"https://openalex.org/keywords/social-planner","display_name":"social planner","score":0.5910000205039978},{"id":"https://openalex.org/keywords/investment-timing","display_name":"investment timing","score":0.6000000238418579},{"id":"https://openalex.org/keywords/renewable-energy-subsidies","display_name":"renewable energy subsidies","score":0.5339999794960022}],"concepts":[{"id":"https://openalex.org/C84265765","wikidata":"https://www.wikidata.org/wiki/Q193219","display_name":"Subsidy","level":2,"score":0.9551581740379333},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6439933776855469},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.5901749730110168},{"id":"https://openalex.org/C2777632292","wikidata":"https://www.wikidata.org/wiki/Q315515","display_name":"Discretion","level":2,"score":0.5898370146751404},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5891338586807251},{"id":"https://openalex.org/C2777706055","wikidata":"https://www.wikidata.org/wiki/Q7551303","display_name":"Social planner","level":2,"score":0.5407476425170898},{"id":"https://openalex.org/C536738050","wikidata":"https://www.wikidata.org/wiki/Q3249071","display_name":"Social Welfare","level":2,"score":0.4557057321071625},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4294452667236328},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.36672285199165344},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.25924283266067505},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.1710379421710968},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.enpol.2022.113309","doi":"https://doi.org/10.1016/j.enpol.2022.113309","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.enpol.2022.113309","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0301421522005286/pdf","source":{"id":"https://openalex.org/S175056054","display_name":"Energy Policy","issn_l":"0301-4215","issn":["0301-4215","1873-6777"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energy Policy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:enepol:v:172:y:2023:i:c:s0301421522005286","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0301421522005286","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:ntnuopen.ntnu.no:11250/3052805","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/11250/3052805","pdf_url":null,"source":{"id":"https://openalex.org/S7407064446","display_name":"NORA - Norwegian Open Research Archives","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"18","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.1016/j.enpol.2022.113309","doi":"https://doi.org/10.1016/j.enpol.2022.113309","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.enpol.2022.113309","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0301421522005286/pdf","source":{"id":"https://openalex.org/S175056054","display_name":"Energy Policy","issn_l":"0301-4215","issn":["0301-4215","1873-6777"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-1","norway-1","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Energy Policy","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.7207000255584717,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G4601488090","display_name":null,"funder_award_id":"296205","funder_id":"https://openalex.org/F4320323299","funder_display_name":"Norges Forskningsr\u00e5d"},{"id":"https://openalex.org/G6957120485","display_name":null,"funder_award_id":"268093","funder_id":"https://openalex.org/F4320323299","funder_display_name":"Norges Forskningsr\u00e5d"}],"funders":[{"id":"https://openalex.org/F4320323299","display_name":"Norges Forskningsr\u00e5d","ror":"https://ror.org/00epmv149"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4308312293.pdf","grobid_xml":"https://content.openalex.org/works/W4308312293.grobid-xml"},"referenced_works_count":48,"referenced_works":["https://openalex.org/W827305535","https://openalex.org/W1445128313","https://openalex.org/W1516710914","https://openalex.org/W1971959487","https://openalex.org/W1977478914","https://openalex.org/W1983972053","https://openalex.org/W1986486096","https://openalex.org/W1991310685","https://openalex.org/W1995503011","https://openalex.org/W1997086240","https://openalex.org/W1999059336","https://openalex.org/W2000272354","https://openalex.org/W2011278703","https://openalex.org/W2017375411","https://openalex.org/W2019857338","https://openalex.org/W2031491706","https://openalex.org/W2050241674","https://openalex.org/W2050586731","https://openalex.org/W2060889481","https://openalex.org/W2061736263","https://openalex.org/W2128323238","https://openalex.org/W2138747621","https://openalex.org/W2169417293","https://openalex.org/W2183101439","https://openalex.org/W2185580436","https://openalex.org/W2233921035","https://openalex.org/W2477829716","https://openalex.org/W2618362295","https://openalex.org/W2731596400","https://openalex.org/W2794208643","https://openalex.org/W2811125238","https://openalex.org/W2890359360","https://openalex.org/W2939724823","https://openalex.org/W2944940702","https://openalex.org/W2993813387","https://openalex.org/W3020497909","https://openalex.org/W3044528231","https://openalex.org/W3081784294","https://openalex.org/W3123441124","https://openalex.org/W3123453020","https://openalex.org/W3124580288","https://openalex.org/W3156261856","https://openalex.org/W3181280849","https://openalex.org/W3201391429","https://openalex.org/W3216688371","https://openalex.org/W4213007918","https://openalex.org/W4213435930","https://openalex.org/W6634718671"],"related_works":["https://openalex.org/W4286744678","https://openalex.org/W4414717049","https://openalex.org/W3122484898","https://openalex.org/W1518644078","https://openalex.org/W2765223755","https://openalex.org/W4407742978","https://openalex.org/W7115563832","https://openalex.org/W3030625452","https://openalex.org/W7043546601","https://openalex.org/W7111212021"],"abstract_inverted_index":{"Once":[0],"a":[1,53,65,96,100,103],"subsidy":[2,35,117,123,137,143,178,191],"scheme":[3],"is":[4,24],"close":[5],"to":[6,26,46,75,158,189],"reaching":[7],"its":[8],"goal":[9],"or":[10],"loses":[11],"political":[12],"support,":[13],"it":[14],"may":[15],"be":[16],"terminated.":[17],"An":[18],"important":[19],"question":[20],"for":[21,60],"policy":[22],"makers":[23],"how":[25],"minimize":[27],"the":[28,32,42,61,73,87,110,116,120,129,136,148,154,160,163,166,168,170,175,183,190],"negative":[29],"impact":[30],"of":[31,34,122,131],"risk":[33],"termination":[36],"on":[37,147,182],"industrial":[38],"investment.":[39],"We":[40,63,84],"assume":[41],"social":[43,155,184],"planner":[44,156],"aims":[45,157],"increase":[47],"capacity":[48,77,90,98],"and":[49,51,119],"welfare":[50,161,171,176],"uses":[52],"subsidy,":[54],"which":[55,153],"has":[56,138],"an":[57,68],"uncertain":[58,69],"lifetime,":[59],"purpose.":[62],"examine":[64],"monopolist":[66],"supplying":[67],"demand,":[70],"faced":[71],"with":[72,114],"option":[74],"expand":[76],"by":[78],"irreversibly":[79],"investing":[80],"in":[81,150],"small":[82],"increments.":[83],"find":[85],"that":[86],"firm":[88,101],"installs":[89,95],"expansions":[91],"sooner":[92],"and,":[93],"consequently,":[94],"larger":[97,169],"than":[99],"without":[102],"subsidy.":[104,173],"A":[105],"firm\u2019s":[106],"total":[107],"investment":[108,133],"during":[109],"subsidy\u2019s":[111],"lifetime":[112],"increases":[113],"both":[115],"size":[118,144,179],"likelihood":[121],"withdrawal.":[124],"However,":[125],"this":[126],"happens":[127],"at":[128,152],"cost":[130],"less":[132],"directly":[134],"after":[135],"been":[139],"retracted.":[140],"The":[141],"optimal":[142,172,177],"strongly":[145,180],"depends":[146,181],"point":[149],"time":[151],"maximize":[159],"\u2014":[162],"further":[164],"into":[165],"future,":[167],"Furthermore,":[174],"planner\u2019s":[185],"discretion":[186],"over":[187],"adjustments":[188],"size.":[192]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2}],"updated_date":"2026-11-02T09:45:03.842371","created_date":"2022-11-10T00:00:00"}
