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Technology, Prices, and the Derived Demand for Energy
Ernst R. Berndt,David O. Wood +1 more
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In this article, an industrial demand for energy is essentially a derived demand: the firm's demand for the energy is an input, derived from demand for a firm's output, which is an output.Abstract:
Industrial demand for energy is essentially a derived demand: the firm's demand for energy is an input is derived from demand for the firm's output. Inputs other than energy typically also enter the firm's production process. Since firms tend to choose that bundle of inputs which minimized the total cost of producing a giving level of output, the derived demand for inputs, including energy, depends on the level of output, the submitions possibilies among inputs allow by production technology, and the relative prices of all inputs.read more
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Energy efficiency and consumption — the rebound effect — a survey
TL;DR: In this paper, a review of some of the relevant literature from the US offers definitions and identifies sources including direct, secondary, and economy-wide sources and concludes that the range of estimates for the size of the rebound effect is very low to moderate.
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Economies of scale in U. S. electric power generation
TL;DR: In this article, the authors estimate economies of scale for U.S. firms producing electric power and conclude that a small number of extremely large firms are not required for efficient production.
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Energy and economic growth in the USA: A multivariate approach
TL;DR: In this paper, the causal relationship between GDP and energy use for the period 1947-90 in the USA was examined by both biophysical and neoclassical economists in particular, several studies have tested for the presence of a causal relationship (in the Granger sense) between energy use and economic growth.
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Choice of functional form for hedonic price equations
TL;DR: In this paper, a statistical procedure for the choice of functional form for a hedonic price equation is proposed, and a highly general functional form is specified that yields all other functional forms of interest as special cases.
Posted Content
An Intercountry Translog Model of Energy Substitution Responses
James M. Griffin,Paul R. Gregory +1 more
TL;DR: In this paper, the same methodology is applied to a pool of international manufacturing data to test whether long-run price elasticities can be generated with intercountry samples, finding that there is some elasticity of substitution between energy demand and non-energy inputs and that energy forecasting should not be based on the assumption that substitutions between energy and nonenergy inputs are trivial.
References
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Journal ArticleDOI
An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function
TL;DR: In this paper, the authors use the Shephard duality theorem to obtain a system of derived demand equations which are linear in the technological parameters, thus facilitating econometric estimation.
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Production Functions with Constant Elasticities of Substitution
TL;DR: In this article, the authors discuss the effect of different types of modifiers on the performance of different kinds of games. But they do not discuss the impact of different modifiers on each game.
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Reconciling Alternative Estimates of the Elasticity of Substitution
TL;DR: In this article, the authors report results of a rather successful attempt to reconcile the differing estimates of the elasticity of substitution in U.S. manufacturing, by using a two-stage least squares (2SLS) procedure to circumvent the problem of simultaneous equations bias by ordinary least squares.