Author: Stephen DeCanio

"Modeling Technological Change in Energy Demand Forecasting: A Generalized Approach" (with John A. "Skip" Laitner) Technological Forecasting and Social Change 55, 1997


Conventional economic modeling of energy demand has characterized technological choice as an investment decision driven primarily by the relationship between capital costs and operating costs. Yet the implementation of this approach has tended to yield unrealistically high estimates of the implicit discount rate governing...