The economic value of energy-saving investments by commercial and industrial firms

Kenneth Train () and Patrice C. Ignelzi

Energy, 1987, vol. 12, issue 7, 543-553

Abstract: Federal law and state regulation promote the installation of energy-saving equipment by commercial and industrial firms. We estimate the reduction in energy consumption that a sample of firms obtained from such installations and compare the value of these savings, both privately and socially, with the cost of the installations. With correction for self-selection bias, the investments are found to offer favorable rates of return to the firms and, for social values of energy savings exceeding 1 c̵kWhr, to be socially beneficial.

Date: 1987
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:12:y:1987:i:7:p:543-553

DOI: 10.1016/0360-5442(87)90095-8

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