Microeconomic Modeling and Policy Analysis

Microeconomic Modeling and Policy Analysis

Studies in Residential Energy Demand

1st Edition - January 28, 1984

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  • Authors: Thomas G. Cowing, Daniel L. McFadden
  • eBook ISBN: 9781483268491

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Microeconomic Modeling and Policy Analysis: Studies in Residential Energy Demand analyzes the aggregates and distributional impacts from alternative energy polices related to the energy demands of residential consumers. The book also analyzes the use of micro-simulation models in the study. The book examines three alternative energy policies and their possible impacts on the residential energy demand. The text describes models on energy use including general micro-simulation and micro-simulation as applied in ""Residential End-Use Energy Planning Systems"" (REEPS) and the Oak Ridge National Laboratory (ORNL) Residential Energy Consumption Model. The book describes REEPS as a model providing end-use specific forecasts of energy consumption at the household level. The text describes ORNL as a computationally simpler design but conceptually more complex one. The book then evaluates three different policy scenarios using each of these two models. The performance of REEPS and ORNL, as well as other dimensions of model projections, is examined. The implications regarding 1) policy analysis and 2) the use of micro simulation models are noted. The book then presents a table that summarizes the results of the comparative model evaluation. Energy policymakers, city and local government planning officials, development engineers, and environmentalists will find this book very relevant.

Table of Contents

  • Preface


    Chapter I. Introduction

    Chapter II. Approaches to Energy Use Modeling

    1. Issues in Simulation Model Design

    2. The Problem of Modeling Residential Energy Consumption

    Chapter III. Residential Energy Demand Simulation Models

    1. Historical Developments

    2. The Oak Ridge National Laboratory Model

    3. The Residential End-Use Energy Planning System

    4. A Methodological Comparison

    Chapter IV. Residential Energy Policy Analysis: The Alternative Policy Scenarios

    1. Introduction

    2. The Base Case Scenario

    3. The Immediate Natural Gas Deregulation Scenario

    4. The Mandatory Thermal Efficiency Standards Scenario

    5. Policy Relevance

    Chapter V. Simulation Results from the REEPS Model

    1. Model-Scenario Implementation

    2. National Implications

    3. Income Distribution Implications

    4. End-Use Implications

    5. Regional Distribution Implications

    6. Conclusions

    Chapter VI. Simulation Results from the ORNL Model

    1. Model-Scenario Implementation

    2. National Implications

    3. Income Distribution Implications

    4. End-Use Implications

    5. Conclusions

    Chapter VII. A Comparative Analysis of Model Performance: REEPS versus ORNL

    1. Introduction

    2. Comparison of Model Projections

    3. Other Dimensions of Model Comparison

    4. Conclusions

    Chapter VIII. Implications

    1. Lessons for Energy Policy Analysis

    2. Lessons for Model Construction

    Chapter IX. Concluding Remarks



Product details

  • No. of pages: 310
  • Language: English
  • Copyright: © Academic Press 1984
  • Published: January 28, 1984
  • Imprint: Academic Press
  • eBook ISBN: 9781483268491

About the Authors

Thomas G. Cowing

Daniel L. McFadden

About the Editor

Karl Shell

Affiliations and Expertise

Cornell University

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