A methodological note on the evaluation of new technologies: the case of coal gasification

David L. Kaserman

Energy, 1978, vol. 3, issue 6, 737-745

Abstract: The traditional methodology of engineering cost analysis employed in the evaluation of emerging technologies implicitly assumes an economic independence between output and factor markets. For certain processes currently under investigation in the energy area (e.g. coal gasification), this assumption is violated. As a result, a bias is introduced into the process evaluation procedure by use of the conventional methodology. This paper proposes and demonstrates a simple revised methodology that incorporates an economic analysis of the relevant cross-market price effect with the engineering cost results to correct this bias.

Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:3:y:1978:i:6:p:737-745

DOI: 10.1016/0360-5442(78)90041-5

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