Showing papers in "Energy Economics in 1981"

TL;DR: In this article, it was shown that the long-run income elasticity of demand for energy is substantially higher than unity in terms of a CES energy demand function for the developed market economies over the period 1950-1978.

TL;DR: In this paper, the authors used cross section and pooled cross-section time series data to find that the elasticity of energy consumption with respect to GDP in developing countries is in the neighbourhood of 1.35, and significantly above one.

TL;DR: The main message of this exercise is that, in the absence of complete specification, there are important trends in the elasticities themselves, which need to be interpreted if elasticities are to be used for forecasting purposes.

TL;DR: In this paper, short-and long-run responses by households to changes in the price of electricity are estimated using data which permit measurement of the marginal prices of electricity, the infra-marginal demand charge, and estimates of household appliance stocks.

TL;DR: This paper surveys the characteristics of exhaustible resource markets that are likely to be important for the development of successful positive models and discusses exploration and its relationship to production and market price, the effects of various forms of uncertainty on price behaviour, and for some resources, the treatment of durability.

TL;DR: This paper found that energy conservation has not reduced the growth rate for real GNP by more than 0.3 percentage points and that less than one-fifth of the overall slump in labour productivity since 1973 should be attributed to higher energy prices.

TL;DR: A broader approach to system planning was developed in which the sum of system costs and outage costs is minimized, which effectively subsumes the traditional system planning criterion of minimizing only the system costs subject to an arbitrary target reliability level.

TL;DR: In this article, the efficiency of the competitive bidding system as a rent collection mechanism was examined using recent Canadian experience, and the ration of a bid to anticipated rent was treated as an indicator of the degree of competition in lease bidding.

TL;DR: In this article, a variant of the Cobb-Douglas production function (the Rasche-Tatom model) which explicitly includes an energy factor was applied to the Japanese economy to investigate the role of investment for energy conservation.

TL;DR: In this article, the authors present some estimates of price and income elasticities for the demand for total delivered energy to final users in the UK and compare these with the elasticities implicit in three energy projections for the UK.

TL;DR: In this article, different functional forms for the analysis of electricity demand are developed and compared to the popular double log demand model, characterized by an increased sensitivity of the electricity demand to price changes as prices increase and decreased sensitivity as the weather becomes more extreme.

TL;DR: In this article, the tradeoffs between energy use and macroeconomic objectives are quantified using energy as a numeraire and the conflicts that emerge between macro-planning criteria and energy use efficiency are clarified.

TL;DR: In this article, a simple intertemporal maximization model of exhaustible resources and the comparison of the implied price time paths with the actual ones is presented to test the structure of OPEC.

TL;DR: A comparative analysis of seven leading models concerned with forecasts of worldwide energy demand to 1985 is presented in this article, where wide variations in the models' projections of non-communist world demands for OPEC petroleum in 1985 are attributed to differences in assumptions about economic growth and about energy utilization rates.

TL;DR: In this paper, an energy sector optimization model for the Pakistan economy, which consists of production models for five energy industries, namely, oil, gas, coal, electricity and non-commercial fuels, is presented.

TL;DR: In this article, the Cooley and Prescott varying parameter technique was used to investigate the stability of the response of petrol's share of petroleum product mix to changes in petroleum product prices.

TL;DR: In this paper, the authors demonstrate how physical characteristics of deposits and results of past exploration enter future exploration decisions and present a decision model that is consistent with a set of primitive probabilistic assumptions associated with deposit size distributions and discoverability.

TL;DR: In this article, the authors used time series models and standard hyperbolic or exponential decline curves to predict the remaining production capacity for producing oil reservoirs in North Dakota and found that the time series methods were more accurate and indicated a forecast function of exponential form.

TL;DR: A computationally efficient procedure is developed to compute the probability that at any specified load level a given block will be the last block loaded, which provides a straightforward method for calculating the expected marginal energy costs over time.

TL;DR: In this article, the authors investigated the conditions under which inverted block or "lifeline" rates could contribute to minimizing the deadweight loss associated with electricity consumption, and empirical evidence is presented suggesting that inverted block rates would improve the efficiency of electricity consumption.

TL;DR: In this paper, the effects of different depletion policies are examined, ranging from rapid early extraction to a low profile long-term conservation policy, and the macroeconomic results of putting each policy in the Cambridge multiscale dynamic model are presented and show the severe short-term costs of unrestrained production.

TL;DR: In this paper, a number of economic problems associated with unidirectional transnational transnational sulphur dioxide pollution are discussed. But the information requirements to determine optimal pollution levels are very great and difficult to satisfy.

TL;DR: In this article, the authors proposed a mandatory time-of-day (TOD) and non-TOD tariffs to a heterogeneous group of customers, which will result in some customers choosing each tariff when it is not desirable for them to do so from the standpoint of welfare economics.

TL;DR: In this article, a proposal for peak load pricing of electric utilities based on the variance in quantities bought by each and every customer is presented, where one price for quantities bought evenly over the year which should equal the long run average costs for producing these quantities, and another price for extra quantities bought in the peak period over and above the base level.

TL;DR: This article used historical and statistical data as well as economic theory to define and evaluate the assumptions which underlie such an argument and concluded that the argument is seriously defective and that the institutions which would supplant integrated oil companies would be significantly less efficient than their predecessors.

TL;DR: The authors examines the nature of these policies as they have developed over time and discusses the broader implications of the interactions of US and Canadian policies on Canadian oil exports to the USA, and concludes that these policies have been a prime determinant of such exports.

TL;DR: In this article, the authors used factory data for the mid-1960s, collected in six countries, to compute the energy intensiveness in 24 different industries and found that the energy intensity is correlated with the capital intensity of production.