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Klein, Martin (2017) When Do People Invest in Solar Photovoltaics? – An Application of Prospect Theory. ESS Research Days, 2017-05-11 - 2017-05-12, Bad Liebenzell, Germany.
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Abstract
The question of when people invest in photovoltaics (PV) is investigated. We study residential PV in Germany over the years of 2006-2014. The deployment is characterized by pronounced peaks when remunerations are cut. We postulate that potential PV adopters do not only rate its attractiveness in absolute terms of risk-adjusted IRR, but also in relative gains and losses, i.e. in changes of absolute profitability, according to the value function of Prospect Theory.
| Item URL in elib: | https://elib.dlr.de/112647/ | ||||||||
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| Document Type: | Conference or Workshop Item (Poster) | ||||||||
| Title: | When Do People Invest in Solar Photovoltaics? – An Application of Prospect Theory | ||||||||
| Authors: |
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| Date: | 11 May 2017 | ||||||||
| Refereed publication: | No | ||||||||
| Open Access: | No | ||||||||
| Gold Open Access: | No | ||||||||
| In SCOPUS: | No | ||||||||
| In ISI Web of Science: | No | ||||||||
| Status: | Published | ||||||||
| Keywords: | Photovoltaics, Deployment, Prospect Theory, Modelling, Feed-in Tariff, Photovoltaik, Zubau, Zubaumodellierung, Einspeisetarif | ||||||||
| Event Title: | ESS Research Days | ||||||||
| Event Location: | Bad Liebenzell, Germany | ||||||||
| Event Type: | Workshop | ||||||||
| Event Start Date: | 11 May 2017 | ||||||||
| Event End Date: | 12 May 2017 | ||||||||
| Organizer: | Helmholtz Research School on Energy Scenarios | ||||||||
| HGF - Research field: | Energy | ||||||||
| HGF - Program: | Technology, Innovation and Society | ||||||||
| HGF - Program Themes: | Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales | ||||||||
| DLR - Research area: | Energy | ||||||||
| DLR - Program: | E SY - Energy Systems Analysis | ||||||||
| DLR - Research theme (Project): | E - Systems Analysis and Technology Assessment (old) | ||||||||
| Location: | Stuttgart | ||||||||
| Institutes and Institutions: | Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment | ||||||||
| Deposited By: | Klein, Martin | ||||||||
| Deposited On: | 26 Jun 2017 10:59 | ||||||||
| Last Modified: | 24 Apr 2024 20:17 |
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