A marginal measure of energy efficiency: The shadow value

Energy Economics

Volumn 38, Issue , 2013, Pages 153-159

  Khademvatani, Asgar ^a,b   Gordon, Daniel V ^a,c  

^a UNIVERSITY OF CALGARY   (Canada)

^b PETROLEUM UNIVERSITY OF TECHNOLOGY   (Iran)

^c UNIVERSITY OF STAVANGER   (Norway)

Author keywords

Energy efficiency; Marginal index; Shadow value

Indexed keywords

COMPARATIVE STATICS; COUNTRY COMPARISONS; ENERGY REQUIREMENTS; ENVIRONMENTAL ISSUES; FUNCTIONAL ARGUMENTS; MARGINAL INDEX; RESOURCE ENDOWMENTS; SHADOW VALUE;

ECONOMICS; PROFITABILITY;

ENERGY EFFICIENCY;

COMPARATIVE STUDY; ENERGY EFFICIENCY; ENERGY MARKET; ENERGY POLICY; ENVIRONMENTAL ISSUE; MODELING;

EID: 84877011913     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2013.03.008     Document Type: Article

References (48)

1. Brookes L.G. The greenhouse effect: the fallacies in the energy efficiency solution. Energy Policy 1990, 18(2):199-201.
2. Brookes L.G. Energy efficiency and the greenhouse effect. Energy Environ. 1990, 1(4):318-333.
3. Brookes L.G. Energy efficiency fallacies revisited. Energy Policy 2000, 28(6-7):355-366.
4. Brookes L.G. Energy efficiency fallacies-a postscript. Energy Policy 2004, 32(8):945-947.
5. Bosseboeuf D., Chateau B., Lapillonne B. Cross-country comparison on energy efficiency indicators: the on-going European effort towards a common methodology. Energy Policy 1997, 25(7-9):673-682.
6. Berndt E.R. The Practice of Econometrics: Classic and Contemporary 1991, Addison-Wesley Press, New York.
7. Berndt E.R., Morrison C.J., Watkins G.C. Dynamic models of energy demand: an assessment and comparison. Modeling and Measuring Natural Resource Substitution 1981, 259-289. The MIT Press, Cambridge, MA. E.R. Berndt, B.C. Field (Eds.).
8. Brown R.S., Christensen L.R. Estimating elasticities of substitution in a model of partial static equilibrium: an application to U.S. agriculture, 1947-74. Modeling and Measuring Natural Resource Substitution 1981, 209-229. The MIT Press, Cambridge, MA. E.R. Berndt, B.C. Field (Eds.).
9. Cornillie J., Fankhauser S. The energy intensity of transition countries. Energy Econ. 2004, 26(3):283-295.
10. Diewert W.E. Applications of duality theory. Frontiers of Quantitative Economics 1974, vol. 2:106-171. North-Holland, Amsterdam.
11. Diewert W.E. Duality approaches to microeconomic theory. Essays in Index Number Theory 1993, vol. 1:105-189. North-Holland, Amsterdam.
12. Diewert W.E., Wales T.J. Flexible functional forms and global curvature conditions. Econometrica 1987, 55(1):43-68.
13. Drèze J., Stern N. Policy reform, shadow prices, and market prices. J. Public Econ. 1990, 42(1):1-45.
14. Freeman S.L., Niefer M.J., Roop J.M. Measuring industrial energy intensity: practical issues and problems. Energy Policy 1997, 25(7-9):703-714.
15. Färe R., Grosskopf S., Knox Lovell C.A., Yaisawarng S. Derivation of shadow prices for undesirable outputs: a distance function approach. Rev. Econ. Stat. 1993, 75(2):374-380.
16. Fox K.J., Grafton R.Q., Kirkely J., Squires D. Property rights in a fishery: regulatory change and firm performance. J. Environ. Econ. Manag. 2003, 46(1):156-177.
17. Gunn C. Energy efficiency vs. economic efficiency? New Zealand electricity sector reform in the context of the national energy policy objective. Energy Policy 1997, 25(2):241-254.
18. Hotelling H. Edgeworth's taxation paradox and the nature of demand and supply functions. J. Polit. Econ. 1932, 40(5):577-616.
19. International Energy Agency Indicators of Energy Use and Efficiency: Understanding the Link Between Energy and Human Activity 1997, OECD/IEA Press, Paris.
20. Jorgenson D.W. The role of energy in productivity growth. Papers and proceedings of the ninety sixth annual meeting of the American Economic Association, May. Am. Econ. Rev. 1984, 74(2):26-30.
21. Jorgenson D.W. Econometric methods for modeling producer behavior. Handbook of Econometrics 1986, vol. 3:1841-1916. North-Holland, Amsterdam. Z. Griliches, M. Intriligator (Eds.).
22. Jenne C.A., Cattell R.K. Structural change and energy efficiency in industry. Energy Econ. 1983, 5(2):114-123.
23. Jevons W.S. The coal question: can Britain survive?. The Coal Question: An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal Mines 1865, Augustus M. Kelley, New York. A.W. Flux (Ed.).
24. Jaffe A.B., Stavins R.N. Market barriers, market failures, and the energy efficiency gap. Discussion Paper 94-30, Resources for the Future, April 1994.
25. Jaffe A.B., Stavins R.N. The energy efficiency gap: what does it mean?. Energy Policy 1994, 22(10):804-810.
26. Khazzoom J.D. Economics implications of mandated efficiency standards for household appliances. Energy J. 1980, 1(4):21-39.
27. Khazzoom J.D. Energy savings resulting from the adoption of more efficient appliances. Energy J. 1987, 8(4):85-89.
28. Khazzoom J.D. Energy savings from more efficient appliances: a rejoinder. Energy J. 1989, 10(1):157-166.
29. Lau L.J. A characterization of the normalized restricted profit function. J. Econ. Theory 1976, 12(1):131-163.
30. Liu X.Q., Ang B.W., Ong H.L. Interfuel substitution and decomposition of changes in industrial energy consumption. Energy 1992, 17(7):689-696.
31. Morrison C.J. Primal and dual capacity utilization: an application to productivity measurement in the U.S. automobile industry. J. Bus. Econ. Stat. 1985, 3(4):312-324.
32. Morrison C.J. Quasi-fixed inputs in the U.S. and Japanese manufacturing: a generalized leontief restricted cost function approach. Rev. Econ. Stat. 1988, 70(2):275-287.
33. Mulder P., de Groot H.L.F. International comparisons of sectoral energy- and labour- productivity performance: stylized facts and decomposition of trends. CPB Discussion Paper Nr.22 2003, CPB Netherlands Bureau for Economic policy Analysis, The Hague.
34. Mulder P., de Groot H.L.F. Sectoral energy and labor productivity convergence. Environ. Resour. Econ. 2007, 36(1):85-112.
35. Markandya A., Pedroso-Galinato S., Streimikiene D. Energy intensity in transition economies: is there convergence towards the EU average?. Energy Econ. 2006, 28(1):121-145.
36. Nagata Y. The US/Japan comparison of energy intensity: estimating the real gap. Energy Policy 1997, 25(7-9):683-691.
37. Phylipsen G.J.M., Blok K., Worrell E. International comparisons of energy efficiency-methodologies for the manufacturing industry. Energy Policy 1997, 25(7-9):715-725.
38. Patterson M.G. What is energy efficiency?: concepts, indicators and methodological issues. Energy Policy 1996, 24(5):377-390.
39. Renshaw E.F. Energy efficiency and the slump in labor productivity in the USA. Energy Econ. 1981, 3(1):36-42.
40. Schurr S.H. Energy efficiency and productive efficiency: some thoughts based on American experience. Energy J. 1982, 3(3):3-14.
41. Schurr S.H. Energy conservation and productivity growth: can we have both?. Energy Policy 1985, 13(2):126-132.
42. Saunders H.D. The Khazzoom-Brookes postulate and neoclassical growth. Energy J. 1992, 13(4):131-148.
43. Sun J.W. Energy Intensity versus per capita GDP in seven developing countries, 1973-1995. Int. J. Glob. Energy Issues 2003, 20(1):95-114.
44. Sutherland R.J. Energy efficiency or the efficient use of energy resources?. Energy Sources 1994, 16(2):257-268.
45. Schankerman M., Nadiri M.I. A test of static equilibrium models and rates of return to quasi-fixed factors, with application to the bell system. J. Econ. 1986, 33(1-2):97-118.
46. Stern P.C. Blind spots in policy analysis: what economics does not say about energy use. J. Policy Anal. Manage. 1986, 5(2):200-227.
47. Sue Wing I., Eckaus R.S. Explaining long-run changes in the energy intensity of the U.S. economy. Cambridge, MA, MIT Joint Program on the Science & Policy of Global Change, Report No. 116 2004.
48. Viscusi W.K., Magat W.A., Carlin A., Dreyfus M.K. Environmentally responsible energy pricing. Energy J. 1994, 15(2):23-43.