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Construction of a fuel demand function portraying interfuel substitution, a system dynamics approach

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  • معلومة اضافية
    • Contributors:
      EconomiX (EconomiX); Université Paris Nanterre (UPN)-Centre National de la Recherche Scientifique (CNRS)
    • بيانات النشر:
      HAL CCSD
    • الموضوع:
      2011
    • Collection:
      Université Paris Nanterre: HAL
    • نبذة مختصرة :
      Most of the recent numerical market equilibrium models of natural gas markets use imperfect competition assumptions. These models are typically embedded with an oversimplified representation of the demand side, usually a single-variable affine function, that does not capture any dynamic adjustment to past prices. To remedy this, we report an effort to construct an enhanced functional specification using the system dynamics-based model of Moxnes (1987, 1990). Thanks to a vintage representation of capital stock, this putty-clay model captures the effect of both past and current energy prices on fuel consumption. Using a re-calibrated version of this model, we first confirm the pertinence of this modeling framework to represent interfuel substitutions at different fuel prices in the industrial sector. Building on these findings, a dynamic functional specification of the demand function for natural gas is then proposed and calibrated.
    • Relation:
      hal-04141001; https://hal.science/hal-04141001; https://hal.science/hal-04141001/document; https://hal.science/hal-04141001/file/WP_EcoX_2011-13.pdf
    • الدخول الالكتروني :
      https://hal.science/hal-04141001
      https://hal.science/hal-04141001/document
      https://hal.science/hal-04141001/file/WP_EcoX_2011-13.pdf
    • Rights:
      info:eu-repo/semantics/OpenAccess
    • الرقم المعرف:
      edsbas.36F8FFC8