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Generalized model for fuel choices with application to the paper industry

Conference ·
OSTI ID:6233510
This paper presents a generalized fuel choice share model in which restrictive constraints on cross-price coefficients need not be imposed but yet all demand elasticities are uniquely determined. The model is applied to estimating aggregate energy demand and fuel choices for th pulp and paper industry. The structural equations are estimated by a generalized least squares procedure using state-level census data for 1971 and 1974. The econometric results support the argument that third-price coefficients should not be constrained in estimating relative market share equations.
Research Organization:
Oak Ridge National Lab., TN (USA); California Univ., Berkeley (USA). Dept. of Agricultural and Resource Economics
DOE Contract Number:
W-7405-ENG-26
OSTI ID:
6233510
Report Number(s):
CONF-790661-1
Country of Publication:
United States
Language:
English