A Dynamic Welfare Equilibrium Framework for Projecting Energy Futures

  • S. C. Parikh


This paper provides a bird’s eye description of a medium scale linear programming model for developing internally consistent projections of U.S. energy supply, energy demand, and economic growth within an economic framework of consumer welfare maximization and competitive market equilibrium. Also included is a summary of its applications to date. An initial version of this model, called the Welfare Equilibrium Model (WEM), has been developed on the PILOT Modeling Project.


Planning Horizon Electric Power Research Institute Household Welfare Substitution Elasticity Personal Consumption Expenditure 
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Copyright information

© Martinus Nijhoff Publishing, Boston 1980

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  • S. C. Parikh

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