This paper compares two second-generation dynamic energy demand models, a translog Ž . Ž . TL and a general Leontief GL , in the study of price elasticities and factor substitutions of nine Swedish manufacturing industries: food, textiles, wood, paper, printing, chemicals, non-metallic minerals, base metals and machinery. Several model specifications are tested with likelihood ratio test. There...

one of the most important issues about production structure and measurement of factors utilization in industry is the study of substitutability among the production factors. while, energy, for its particular features like finite and the direct relationship between energy usage and air pollution; and specifically abundance of energy resources and allocation of subsidies to different energy carri...

In this paper a model of dynamic factor demands is presented for the Irish economy. Total costs, labour and capital are modelled on a two-stage basis. First, a static, long-run cost function is specified which allows for the derivation of expressions for optimal labour and capital demand. This function is assumed to be of the flexible, translog form and thus more general than the generic Cobb-D...

A three-staged least squares translog cost function is estimated for 13 heavy-rail and nine light-rail United States urban mass transit systems for the period 1985-1991. Firm output is taken to be endogenous. Large economies of density are found in operating costs. These economies become even more substantial when the cost of way and structure maintenance and capital costs are incorporated. How...

Photovoltaic solar energy systems is a renewable source that has raised great worldwide interest in recent decades. However, Brazil still, the cost of photovoltaic (PV) still high, and current public policies are incipient. From 2014 to 2019, an average growth 203% per year was observed installed PV power Brazil. Such performance can also be justified by greater understanding externalities, i.e...

This paper proposes a system-wide optimal resource dispatch strategy that enables a shift from a primarily energy cost-based approach, to a strategy using simultaneous price signals for energy, power and ramping behavior. A formal method to compute the optimal sub-hourly power trajectory is derived for a system when the price of energy and ramping are both significant. Optimal control functions...

Nowadays generation capacity in traditional grid depends on fossil fuels and contributes significantly to the increase of pollution emission. In deregulated grids in addition to using demand response programs (DRPs) to reducing the cost of electricity production, peak clipping and improve reliability use of green Plants such as hydro plant, wind plant become widespread. In a smart grid, end use...

abstract the production unit size is one of the effective factors in optimum uses of inputs. since optimum size is affected by the characters and economical conditions in each district, the studies for determining the optimum farm size should be done specially for each crop and each district. in this study tried to determine the optimum rice farm size in guilan province which is one of the most...

China’s energy market reform is characterized by “asymmetry” as a result of the transition from planned economy to economy, leading typical distortions in prices. Using panel data 30 Chinese provinces during 2006–2018, this paper examines impact price fossil sources (coal, oil, and natural gas) well renewable on economic growth carbon emissions. The results show that coal distortion highest amo...

This paper examines the effects of inflation on the efficiency of the price system, output and welfare, through a model of monopolistic competition with consumer search and (S,s) price setting. Its results have relevance for both search theory and macroeconomics. In particular, it provides a foundation for the conventional wisdom linking higher inflation, through increased price dispersion, to ...