Showing papers in "Energy Economics in 1988"

TL;DR: In this article, the authors make some comparisons between energy intensity decomposition and the formulation of economic indices and illustrate the useful properties of one particular index, the Divisia index, in performing energy-intensity decomposition.

TL;DR: In this paper, the authors used concepts and methods from option pricing theory to evaluate real projects rather than financial ones, and the option pricing results may be quite different from those obtained by traditional capital budgeting and decision tree approaches.

TL;DR: In this paper, the authors focus on the economics of rural electrification and project selection, and present broad criteria for preliminary screening of RE projects are described in relation to national policy objectives.

TL;DR: In this paper, the authors investigated the long-run sensitivities of energy demand to price changes, and the degree of interfactor and interfuel substitution in the Korean industrial sector, and uniquely disaggregated the industrial sector into nine manufacturing and three non-manufacturing subsectors.

TL;DR: In this paper, the authors argue that, given the economic and technological conditions in the US electric utility industry today, priving based on short run marginal cost is more efficient than pricing based on long-run marginal cost.

TL;DR: In this paper, the authors provide empirical estimates of the price and income elasticities of energy consumption in Egypt, and show that the real relative price of energy has been falling steadily since 1972, while per capita energy consumption rose some 50% over the decade 1972-81.

TL;DR: In this paper, a partial adjustment model was proposed to estimate the demand for gasoline in Saudi Arabia for the period 1970-1985. But the model was not applied to the long run.

TL;DR: The demand for gasoline and the stock of cars is empirically explained for the Swiss economy by applying statistical methods from modern time series analysis to annual data over the period 1962-1985 as mentioned in this paper.

TL;DR: In this paper, the authors model the costs of deforestation to future generations and argue that governmental policies should ensure that these dynamic costs are reflected in the price of wood fuels in arid and semi-arid countries.

TL;DR: In this paper, the structural changes in residential electricity demand parameters and explain the causes for such changes are investigated and a dynamic model is specified and estimated using pooled time-series and cross-section (state-level) data for the USA.

TL;DR: In this article, a structural change in the demand for electricity and petroleum by residential consumers in the USA has been discussed, where demand functions are now more responsive to price changes and consumers react more quickly in adjusting their capital stocks to new levels.

TL;DR: The recent economic reappraisal presented in this article shows that the social viability of ethanol production in Brazil will only became a reality with considerable increases in productivity and with international oil prices above US$ 30.00, factors which are only likely to come about at the end of the 1990s.

TL;DR: In this paper, a simple demand system is proposed to estimate consumer expenditure on energy, in which expenditures on individual fuels are also examined and into which the role of the stock of energy-using appliances is integrated.

TL;DR: Most of the models used to analyse the world oil market can be categorized under two broad headings: (i) recursive simulation models and (ii) intertemporal optimization models.

TL;DR: In this paper, the demand for energy is estimated econometrically and forecast to 2000, concluding that the GCC has the potential to be a major supplier of oil and gas for many years.

TL;DR: The contribution of auxiliary heating equipment toward meeting residential energy demand is estimated using conditional demand estimation techniques as discussed by the authors, which is the most prevalent form of heating equipment, present in 8% of all single family homes.

TL;DR: In this paper, partial and total elasticities of energy demand are derived from simulations of the general equilibrium model MSG along a reference scenario, and the results depend on whether and how, the changes in income or aggregate economic activity implied by energy price increases are taken into account.

TL;DR: In this article, a cross-sectional analysis of household energy survey data is used to estimate marginal energy consumption of domestic appliances and facilities, which can be used to relate future energy usage to domestic appliance/facility penetration by combining the elasticities with appliance penetration levels.

TL;DR: In this paper, the authors show that the household sector made significant adjustment in substituting indigenous charcoal for the more expensive and imported LPG and kerosene, and the results of their studies, based on estimating the consumption of electricity, LPG, and Kerosene.

TL;DR: In this paper, the authors developed some elementary measures of cartel stability, using OPEC as a case study, to evaluate whether behavior in a market can be characterized as cooperative or competitive, based on annual data for the 10 most important OPEC countries from 1973-85.

TL;DR: The authors examines the question: how do futures prices affect today's price for heating oil, and whether futures markets add to the efficiency of markets by conveying information from the future to the present.

TL;DR: In this article, the problem of specifying functions that represent the convenience yield from precautionary storage of refinery products is considered, and one specification is tested using data from the distillate market of the eastern USA.

TL;DR: In this paper, the authors investigated the robustness of imperfect substitutes against variations in the assumption of the degree of competition of the resource types contained in the difference pools and showed that these properties are not robust against variations of the assumption.

TL;DR: In this article, the impact of energy prices (notably electricity rates) upon spatial activity patterns of industry is addressed, and the overall conclusion is somewhat striking: despite significant variations in regional electricity rates, the sensitivity of Dutch industries, as far as their re-locational choices are concerned, is almost negligible.

TL;DR: In this article, the optimal size and time phasing for capacity expansion of natural gas pipelines is investigated, based on the fact that investment costs for pipelines are degressive to the capacity, that is economies of scale are substantial.

TL;DR: In this paper, it is suggested that the severity of past disruptions can be attributed, in part, to physical and institutional constraints that prevented the oil market from reacting quickly to what were relatively minor supply disruptions.

TL;DR: In this article, the costs of achieving overall reduction targets for sulphur dioxide (SO 2 ) emissions of the British electricity sector under two alternative regulatory strategies: uniform limits to SO 2 concentration in flue gas and transferable emission permits.

TL;DR: A dynamic optimization model is employed to evaluate the shadow prices of Navajo coal; and the results indicate that the actual royalty payment received by the tribe on the basis of the present long-term lease contracts is usually less than the amount estimated in the optimizing model.

TL;DR: In this paper, the authors show that the results of capacity utilization studies will be dependent on the relative fuel prices in the year(s) from which the data come, even if the capital stock is exactly the same.

TL;DR: In this paper, a small econometric model of the supply and demand of motor spirit, diesel, fuel oil and other gas/diesel oil is presented, which is used to identify the dynamic structure of each market and estimate own-price and cross-price elasticities.