THE EMPIRICAL INVESTMENT literature is full of disappointments. From time to time waves of new ideas challenge the aggregate investment equation, but these challenges are rarely successful, and progress is, at best, ...

This paper is the second of a two-paper series and presents a model to assess and promote investment projects defined in a plan of expansion of the transmission. We propose a model that consists of three main elements: ...

Maintenance in transmission networks is an economical way to reduce upgrading network costs without decreasing its reliability. Hence, new studies regarding transmission expansion planning (TEP) must take into account the ...

The choice of an appropriate discount rate is of major importance in cost-benefit analysis both, at the private and at the social levels. The theories that rationalize. the NPV criterion also identify the appropriate rate. ...

We propose a representation of suboptimal investment behavior based on the stochastic discount factor (SDF) paradigm. Suboptimal investment behavior is rationalized as being the investor’s optimal decision under a wrong ...

Background: Experts in ecological restoration have discussed the cost reduction to make forest restoration financially feasible. This is very important in developing countries, such as Brazil, and for smallholder farmers; ...