The Impact of Random Tax Policy on Investment in Wind Power

Mazumdar, Jonathan B.
2009

This thesis considers the impact of tax policy uncertainty on firm level investment in wind power. I model the decision to invest as an irreversible investment with both price uncertainty and policy uncertainty. Tax policy uncertainty is introduced by a production tax credit that makes random discrete jumps. The model suggests that uncertain tax policy may decrease the time to investment and in... read more

This object is in collection:
Undergraduate honors theses
Subjects
Department of Economics
Permanent URL
http://hdl.handle.net/10427/52953
ID: tufts:UA005.003.044.00001
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