How do companies invest?

Agents' long-term investments in the context of climate and energy (ALICE)

Project period: 01.03.2007 - 28.02.2010

Recent findings in behavioural economics show that the behaviour of real persons deviates significantly from that of the so-called homo economicus in economic theory. Well-known examples of this are time preferences and overconfidence in one´s own capabilities.
This project will examine whether the decisions taken by companies also exhibit such deviations from theory. It will specifically conduct an empirical study of long-term investments in the electricity sector. Such investments play an important role in the development of climate protection strategies. The aim of this project is to use its empirical findings to improve assessment models which are key to the development of well-founded recommendations for climate policy.

 

Project partners:

University of Oldenburg, Professor Dr Siebenhüner
Potsdam Institute for Climate Impact Research (PIK), Dr Edenhofer

 

Further information is available on the project website.

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Contact Persons

  • Prof. Dr. Bernd Siebenhüner

    • Carl von Ossietzky University of Oldenburg, Department of Business Administration and Education
    • 26111 Oldenburg, Germany
    • Telephone: +49 441 798 4366
    • Fax: +49 441 798 4379
    • Email Address: bernd.siebenhuener@uni-oldenburg.de
    • Homepage: http://www.alice-energy.de