Econometric dimensions of energy demand and supply. [8 essays]

Book · Thu Jan 01 04:00:00 EST 1976

OSTI ID:7144386

Askin, A B; Kraft, J ^[1]

---

1. eds.

This book presents a set of econometric, policy-oriented studies on energy to provide a glimpse of current research in the energy economics field. Some of the eight essays report on studies directly related to FEA's Project Independence, while others bear either no relationship or only a peripheral relationship to it. In Chapter 2, John Kraft, Arthur Kraft, and Eugene Reiser describe a national energy demand model. The model treats, in price- and income-sensitive fashion, both the major and minor fuels consumed by the various sectors of the economy. Chapter 3, by Derriel Cato, Mark Rodekohr, and James L. Sweeney, introduces a vintage capital stock model of gasoline demand based on a submodel of automobile demand by classification categories. In Chapter 4, Scott E. Atkinson and Robert Halvorsen employ translog functions derived from duality theory to estimate the own and cross elasticities of demand and substitution for alternative fuels in electricity generation. Chapter 5, by Noel D. Uri, examines the advantages and disadvantages of switching from the present system to a regionally integrated system of electrical generation and distribution, constructing a linear programming model. In Chapter 6, Christopher B. Alt, Anthony E. Bopp, and George M. Lady report on a short-term petroleum forecasting model developed at FEA. Chapter 7, by A. Bradley Askin, explores the problems involved in assessing the macroeconomic impacts associated with alternative energy strategies and presents three sets of forecasts for the economy in 1985 based on eight energy scenarios considered in Project Independence Report. In Chapter 8, Paul H. Earl and Steven G. Phillips employ a disaggregated price model to examine the relative price impacts alternative energy policies have at the individual product level. The model is built around a detailed energy input matrix covering approximately 100 product and material prices, including, for example, 10 types of steel. (MCW)

• OSTI ID: 7144386
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320000 -- Energy Conservation
Consumption
& Utilization
CONSUMPTION RATES
ECONOMETRICS
ECONOMIC ELASTICITY
ECONOMICS
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY MODELS
ENERGY POLICY
ENERGY SUPPLIES
FORECASTING
FUELS
GASOLINE
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
NATIONAL ORGANIZATIONS
OPEC
PETROLEUM PRODUCTS
SYSTEMS ANALYSIS
US FEA
US ORGANIZATIONS