A Model of Technology Selection by Cost Minimizing Producers

Dean W. Boyd, Robert L. Phillips and Stephan G. Regulinski
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Dean W. Boyd: Decision Focus, Inc., Palo Alto, California
Robert L. Phillips: Decision Focus, Inc., Palo Alto, California
Stephan G. Regulinski: Decision Focus, Inc., Palo Alto, California

Management Science, 1982, vol. 28, issue 4, 418-424

Abstract: A set of microeconomic assumptions are presented that lead to a model of the technology choices made by producers of a homogenous energy product. Under these assumptions it is possible to model the technology selection decision as being made solely to minimize product cost. Since the cost of producing energy using a particular technology will be different for different producers, a number of technologies will be adopted in the market rather than a single, "least-cost" technology.

Keywords: market share; energy modeling (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:28:y:1982:i:4:p:418-424

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