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http://hdl.handle.net/10419/53257
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| Title: | | Land-use change and solar energy production: A real option approach  |
| Authors: | | Gazheli, Ardjan Di Corato, Luca |
| Issue Date: | | 2011 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development 90.2011 |
| Abstract: | | In this paper a real option model is developed to examine the critical factors affecting the decision to lease agricultural land to a company installing a PV power plant. The leasing payment is certain while the net revenues from agriculture are uncertain. We identify the profit values at which the farmer decides to lease his plot vs. continue farming it. By applying the model to the province of Bologna (Italy), we illustrate the possible land-use change scenarios in this area. We conclude by discussing the importance of PV energy production as a source of income for farmers and its implications from a social perspective. |
| Subjects: | | Land Allocation Real Options Renewable Energy Solar farm Uncertainty |
| JEL: | | C61 D81 Q24 Q42 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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