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On Straw Men, Free Parameters, and Validating Allocation Functions: A Reply to Reister

Reducing an involved logical argument (or a detailed empirical study) to its essential elements usually makes it more accessible and can help us focus future research. Reister's comment on our paper purports to provide such a summary of our findings. Indeed, it might appear that he has demonstrated that our conclusions were obvious from the outset. Unfortunately his comment is an example of why we began this response by noting that simplification usually (rather than always) improves understanding. In this case it has led to incorrect conclusions.

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Energy Specializations: Energy Modeling – Other

JEL Codes: D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity, Q40: Energy: General, Q41: Energy: Demand and Supply; Prices, C51: Model Construction and Estimation, C43: Index Numbers and Aggregation; Leading indicators, D22: Firm Behavior: Empirical Analysis

Keywords: Allocation funcations, Straw men, Free parameters

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-12

Published in Volume 8, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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