The effects of government and private sector energy policies are varied and interrelated. Before implementing research and development programs, new technologies, environmental and price regulations, import quotas, and other energy-related policies, the consequences of these programs must be identified and quantified on a regional basis. To evaluate the regional impacts of energy policies, we need to consider production costs, transportation costs, and the location of reserves, as well as the demands for energy and nonenergy goods. Developing techniques for analyzing these factors was the objective of many previous research efforts. The strengths and weaknesses of the resulting models are discussed in this paper and areas for future research are outlined. Only those models that consider more than one fuel and sector (i.e., residential, utility, etc.) are reviewed.
Cohen, Alan S. and Costello, Kenneth W., "Alternative Approaches to Energy Modeling" (1975). UMR-MEC Conference. 74.
2nd Annual UMR-MEC Conference on Energy (1975: Oct. 7-9, Rolla, MO)
Article - Conference proceedings
Economics of Energy
© 1976 University of Missouri--Rolla, All rights reserved.