Can different energy resources be added or compared?

Jay Zarnikau (), Sid Guermouche and Philip Schmidt

Energy, 1996, vol. 21, issue 6, 483-491

Abstract: The practice of directly adding and comparing Btus of energy from different energy resources may yield misleading conclusions in economic and policy studies. Economic aggregation indices (e.g., Divisia indices) are preferable to a heat-content index. Under some circumstances, an energy aggregate may fail to exist. We review the conditions necessary for aggregation or comparison, contrast different approaches, describe the form-value attributes that affect the relative economic values of different energy resources, and derive the microeconomic foundations of the Divisia approach. The development of an energy-technology Divisia aggregate is suggested when separability between energy and other inputs is not present.

Date: 1996
References: View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0360544296000047
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:21:y:1996:i:6:p:483-491

DOI: 10.1016/0360-5442(96)00004-7

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().