Data for: Irreversible investment, uncertainty, and ambiguity: The case of bioenergy sector

Abstract of associated article: We analyze production and investment decisions of an agent in industrial activities that are characterized by two forms of uncertainty: demand uncertainty (in terms of number of buyers) and competitive effect uncertainty (in terms of other energy resource). We apply our model on the bioenergy industries. We compare the case of an ambiguity neutral agent with that of an ambiguity averse agent. We show that the investment decision of an agent depends on the effects of both the capital investment and the level of production on the cost and the uncertainty the agent is confronted with. Moreover, we find that ambiguity aversion tends to decrease the agent's optimal levels of production and investment. Our numerical analysis of the French case illustrates the different effects associated with demand uncertainty and competitive effect uncertainty.关联论文摘要：我们针对存在两类不确定性的工业生产活动，分析经济主体（agent）的生产与投资决策——这两类不确定性分别为需求不确定性（以买方数量为衡量维度）与竞争效应不确定性（以其他能源资源为衡量维度）。我们将所构建的模型应用于生物能源产业，分别对比了模糊中性（ambiguity neutral）经济主体与模糊厌恶（ambiguity averse）经济主体的决策场景。研究表明，经济主体的投资决策取决于资本投资与生产水平对其面临的成本与不确定性所产生的综合效应。此外，我们发现模糊厌恶倾向于降低经济主体的最优生产与投资水平。我们针对法国案例开展的数值分析，清晰阐释了需求不确定性与竞争效应不确定性各自对应的差异化影响。