Facebook LinkedIn Instagram Twitter
Shop
Search
Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 10 of 611)

Next 10 >>


America's Energy Choices - Presidential Address

Sam H. Schurr

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-1
View Abstract

Abstract:
In trying to decide on a topic for this address I found myself wavering between a talk that would review this first, eventful year in the life of our Association as opposed to a subject which would be more substantive in nature. Substance finally won out, partly be-cause of personal preference, and partly because of the advice of others. The remarkable progress of the Association is something we are all proud of, but I believe that it has been-and will continue to be-well documented in many ways familiar to all of us. The forth-coming appearance in the near future of the Association's own professional journal will be a signal event in the unfolding story of the Association's successful development.



The Energy Crisis and Macroeconomic Policy

William D. Nordhaus

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-2
View Abstract

Abstract:
It is hard to find an issue more confusing than energy policy. Is there a shortage of oil? Why? How long will the shortages last? Who's to blame? What will be the supply and demand response to price decontrol? What are the appropriate policy responses today? Can the president or the secretary of energy or the Congress be trusted to find the answers? And so on.



Energy Policy: An Economist's Confessions

James R. Schlesinger

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-3
View Abstract

Abstract:
It is a particular pleasure to be addressing an association of professional colleagues. I must concede it is the first time that I have done so since I was on the faculty at the University of Virginia. The atmosphere here is a little bit chilly; you can rest assured that when our rulemaking on temperature control takes effect on July 1, you will not have this experience.



Residential Electricity Revisited

Hendrik S. Houthakker

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-4
View Abstract

Abstract:
The following is a report on various attempts to update and improve an earlier analysis of residential electricity demand (Houthakker, Verleger, and Sheehan, 1974-hereafter referred to as HVS). To understand what is new the reader should first know what has been maintained, namely:1. the logarithmic flow-adjustment model which estimates this year's consumption from last year's consumption, this year's price and income, and possibly (though not in HVS) from other variables,2. the pooling of annual time series for 48 states using the error component approach of Balestra & Nerlove, 3. the use of a "marginal price" for electricity.The present paper may be regarded as a verification of the first of these hypotheses, and to some extent of the other two.



Coal Policy and Energy Economics

Richard L. Gordon

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-8
View Abstract

Abstract:
With the flurry of legislation in 1977 further inhibiting coal consumption and production, it became apparent to many observers that coal had joined oil, gas, and nuclear energy as a tightly regulated industry. Since by now this observation has been widely dissemi-nated, it seems most appropriate here only to summarize the nature of the barriers and their obvious implications. Then emphasis can be placed on the perspectives that economic analyses can provide for evaluating the issues.



Coal Liquefaction

George R. Hill

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-9
View Abstract

Abstract:
The relative quantities of coal, petroleum (plus natural gas liquids), and natural gas proved and currently available in the United States are 18 X 1015 British thermal units (Btu), 3.7 X 1015 Btu, and 2.5 X 1015 Btu, respectively. The relative total recoverable resources are 134 X 1015 Btu for coal, 11.2 X 1015 Btu for petro-leum, and 9.5 X 1015 Btu for natural gas (Parent, 1979). Since coal represents roughly 86 percent of the total U.S. resource, one would expect its use to approximate that percentage of the energy input in the United States. But actually, the percentage of coal in the fossil energy input is only 21 percent. Petroleum and natural gas consumption accounts for nearly 75 percent. Almost half (48 percent) of the fossil energy used in the United States consists of petroleum and its products. Since some 45 percent of this petro-leum must now be imported, it is essential that our primary re-source, coal, be used in increasing amounts. This paper presents



Biomass Energy Economics

John R. Benemann

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-11
View Abstract

Abstract:
The energy crisis has become a permanent fixture in our lives. It is apparent that the brief era, roughly 1920-1970, of rela-tively low and declining fuel costs is over for good. The world economic system must adjust to a new era of high-cost fuels, supply dislocations, and transition to new energy sources. Large uncertainties exist about the future availability, production costs, and market prices of the conventional fuels-oil, gas, and coal. Even greater uncertainties exist about the costs of the alternative energy sources-nuclear power and renewable resources, principally solar. As more information becomes available, nuclear power is constantly required to increase its safety level, becoming ever more expensive. The high-risk, very large, very long-term capital



Appropriate Government Policy Toward Commercialization of New Energy Supply Technologies

Richard Schmalensee

Year: 1980
Volume: Volume 1
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No2-1
View Abstract

Abstract:
This article considers the merits of government support for the commercialization of particular energy supply technologies, and sketches a framework for the economic evaluation of different schemes for such support.' Specific current proposals are not analyzed in detail, as the emphasis is on identifying conditions under*Professor of Applied Economics, Sloan School of Management, Massachusetts Institute of Technology.



Energy Prices and the U.S.Economy in 1979-1981

Knut Anton Mork and Robert E. Hall

Year: 1980
Volume: Volume 1
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No2-2
View Abstract

Abstract:
For the second time in the decade, the U.S. economy is absorbing a large sudden shock in the world price of oil. From late in 1978 to June 1979, OPEC raised the world price of oil by closeto $9 per barrel. Western industrial nations could face a repetition of the serious recession of 1974-75 on close to the same scale. The increase in the total cost of energy inputs induced by this oil price increase is about two-thirds of the increase in 1974. The potential disruption to the U.S. economy and others is a similar fraction of what occurred in the earlier episode.



An Integrated Framework for Energy Pricing in Developing Countries

Mohan Munasinghe

Year: 1980
Volume: Volume 1
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No3-1
View Abstract

Abstract:
In recent years, decisionmakers in an increasing number of countries have realized that energy sector investment planning and pricing should be carried out on an integrated basis, e.g., within the framework of a national energy master plan that determines energy policy, ranging from short-run supply-demand management to long-run planning. However, in practice investment planning and pricing are still carried out on an ad hoc and at best partial or subsector basis. Thus, electricity and oil subsector planning have traditionally been carried out independent of each other as well as independent of other energy subsectors. As long as energy was cheap, such partial approaches and the resulting economic losses were acceptable, but lately, with rising energy costs and changes in relative fuel prices




Next 10 >>

Begin New Search
Proceed to Checkout

 





function toggleAbstract(id) { alert(id); }