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Feature Article—Energy Policy Modeling: A Survey

Author

Listed:
  • Alan S. Manne

    (Stanford University, Stanford, California)

  • Richard G. Richels

    (Electric Power Research Institute, Palo Alto, California)

  • John P. Weyant

    (Stanford University, Stanford California)

Abstract

This survey provides an exposition of seven technoeconomic models that are representative of recent work on energy policy. The paper begins with several microeconomic concepts related to energy conservation and to energy-economy interactions. We then examine three representative medium-term models which deal with pricing, import policy and investment decisions in today's conventional supply technologies. Next, we analyze four studies dealing with longer-range issues—alternative research and development strategies for a transition away from depletable energy resources. The paper concludes with a summary of unresolved issues, and with suggestions on the future role of modeling in the public policy process.

Suggested Citation

  • Alan S. Manne & Richard G. Richels & John P. Weyant, 1979. "Feature Article—Energy Policy Modeling: A Survey," Operations Research, INFORMS, vol. 27(1), pages 1-36, February.
    • Handle: RePEc:inm:oropre:v:27:y:1979:i:1:p:1-36
    DOI: 10.1287/opre.27.1.1
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    Cited by:

    1. Li, Raymond & Woo, Chi-Keung & Cox, Kevin, 2021. "How price-responsive is residential retail electricity demand in the US?," Energy, Elsevier, vol. 232(C).
    2. Woo, C.K. & Liu, Y. & Zarnikau, J. & Shiu, A. & Luo, X. & Kahrl, F., 2018. "Price elasticities of retail energy demands in the United States: New evidence from a panel of monthly data for 2001–2016," Applied Energy, Elsevier, vol. 222(C), pages 460-474.
    3. Raymond Li & Chi-Keung Woo & Asher Tishler & Jay Zarnikau, 2022. "Price Responsiveness of Residential Demand for Natural Gas in the United States," Energies, MDPI, vol. 15(12), pages 1-22, June.
    4. Maradin Dario & Cerović Ljerka & Mjeda Trina, 2017. "Economic Effects of Renewable Energy Technologies," Naše gospodarstvo/Our economy, Sciendo, vol. 63(2), pages 49-59, June.
    5. Mirjat, Nayyar Hussain & Uqaili, Mohammad Aslam & Harijan, Khanji & Valasai, Gordhan Das & Shaikh, Faheemullah & Waris, M., 2017. "A review of energy and power planning and policies of Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 110-127.

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