Carbon Mitigation Costs for the Commercial Building Sector : Discrete-Continuous Choice Analysis of Multifuel Energy Demand

@inproceedings{Newell2008CarbonMC,
  title={Carbon Mitigation Costs for the Commercial Building Sector : Discrete-Continuous Choice Analysis of Multifuel Energy Demand},
  author={R. G. Newell and William A. Pizer},
  year={2008}
}
We estimate a carbon mitigation cost curve for the U.S. commercial sector based on econometric estimation of the responsiveness of fuel demand and equipment choices to energy price changes. The model econometrically estimates fuel demand conditional on fuel choice, which is characterized by a multinomial logit model. Separate estimation of end uses (e.g., heating, cooking) using the U.S. Commercial Buildings Energy Consumption Survey allows for exceptionally detailed estimation of price… CONTINUE READING

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