Showing papers in "Energy Economics in 1980"

TL;DR: In this article, the authors developed a house heating fuel consumption model which incorporates fuel price, consumers' income and utility functions, and a heat production function which treats the house as a firm producing heat levels.

TL;DR: This work reports on an extension of recent modelling efforts to analyse the Appalachian steam coal market using a programming approach, and conclusions are drawn regarding potential policy applications.

TL;DR: In this paper, the authors define the appropriate base for energy prices in the UK, while another is to consider how it can be measured, and the relationship between this price base and the guidelines for the economic and financial control of these industries which have been set by successive governments.

TL;DR: In this paper, two commonly used relations between income and energy consumption: the ratio of consumption to income; and the incremental energy- income coefficient are discussed, and its tendency to fluctuate violently is examined.

TL;DR: In this article, the pure theory of a static, but stochastic, competitive market in oil exploration is developed and an efficiency frontier for exploratory firms is defined and an explanation is given of its relevance to the distribution of exploration, both geographically and by type of exploration.

TL;DR: In this article, the authors present an econometric examination of the role of energy prices in US investment activity and find that the price of energy is an important factor in adequately explaining investment decisions and that its importance is likely to grow.

TL;DR: In this article, the authors evaluate the cash flows associated with North Sea oilfields in terms of probability distributions of net present value and show that, despite structural differences, the ability of the UK and Norwegian oil tax systems to distribute stochastic return between owners and government is remarkably similar.

TL;DR: The authors examined demand estimates for 27 investor-owned US utilities over the period 1957-1972 and found that statistically valid demand estimates do not necessarily require information on tariff schedules, but that statewide aggregates of elasticity may often be inapplicable to individual utilities.

TL;DR: In this paper, the authors examine the factors affecting energy consumption in eastern Europe and also make a comparison with western Europe and conclude that the higher energy intensity in eastern European countries cannot be explained in terms of any one factor.

TL;DR: In 1970, the authors of as mentioned in this paper conducted a study for the Shell Oil Company of the long-run elasticity of US energy demand and found that the process analysis approach, which makes use of subjective judgement, has certain advantages over more formal econometric approaches.

TL;DR: In this article, the authors present a comparative survey of nine world energy models and assesses how far differences in conclusions depend on differences in assumptions and methodologies, arguing that many studies are misconceived in that they fail to pay sufficient attention to economic factors and to the needs of the policy maker.

TL;DR: In this paper, the sequential search for a backstop energy technology is examined using an optimal growth model with an exhaustible energy resource, and a stopping rule for R&D is obtained in terms of a minimum acceptable quality level for the innovation.

TL;DR: In this article, the authors highlight the problems inherent in some basic mathematical assumptions used in the formulation of models and show how these assumptions influence the results derived from the models, and also show that failure to consider non-quantifiable factors when assessing the models' results can lead to misleading conclusions.

TL;DR: In this article, the benefits of peak load electricity pricing are estimated by considering the demand curves of different types of consumers within each subperiod and considering the welfare gains associated with demand meters.

TL;DR: In this article, a quadratic programming model of the US coal market is developed in which market boundaries are first delineated according to freight rates and mine prices, and on the basis of these redefined market areas, supply and demand functions are estimated for each region and used to generate optimal prices and trade patterns.

TL;DR: In this paper, an approach combining decline-curve and price analysis is used to model US oil production over the period 1968-1976, and significant but small price effects are shown to exist in the short run and policy implications of analytical findings are explored.

TL;DR: In this article, a game theoretic analysis of strategic interactions between economic agents in oligopolistic oil markets is presented, where agents make decisions in each period on the basis of previous decisions by other agents.

TL;DR: An algorithm is devised and illustrated, which evaluates the benefits of load shedding for any system, assuming fixed prices and a constant load duration curve, and developed by calculating the expected shed load in a given period and the costs of building additional capacity to meet this load.

TL;DR: In this paper, it is argued that the decline in the value of the US currency has been a direct result of the drastic increase in the dollar value of US oil imports and the subsequent efforts to maintain US production and employment levels.

TL;DR: In this article, the authors examine the role of economic analysis in making decisions about district heating and argue that economic considerations have not been very important in the French context, despite their potential for efficient use of fossil fuels.

TL;DR: In this article, the authors present a theoretical analysis of what may happen to the economy of a small country when there are restrictions on its energy purchases in the international market, and derive expressions for the elasticity of GDP with respect to both energy price and energy quantity.

TL;DR: In this paper, the authors present forecasts of future supplies of electricity which may be generated by high temperature geothermal resources in the USA, depending on the future behaviour of real energy prices and on several policy factors.

TL;DR: In this article, the authors argue that the Pigouvian tax-subsidy approach to solving externality problems is not practicable for coal mining and use a performance bond system instead of an excise tax to achieve an acceptable standard of land reclamation.

TL;DR: In this article, two leading theories of OPEC behavior are assessed and a Markov chain transition matrix analysis of market shares is developed which produces an empirical tool for estimating equilibrium shares, given a particular set of demand and supply equations and OPEC (and OECD) agreement patterns, and detecting changes in the equilibrium shares as market structures and agreements vary.

TL;DR: In this paper, the authors present an alternative to the antiquated gas pricing system in use in nearly every utility in the USA, and the analysis results in a recommendation that there should be a gradual move from average embedded cost pricing to marginal cost pricing.

TL;DR: In this paper, an attempt is made to specify the most essential input-output entries and establish certain interrelations using energy analysis and economic analysis to investigate to what extent the forest sector can attain self-sufficiency and at the same time show a sizeable positive net output of both energy and material resources.