This paper presents a new approach to long-run production modeling which combines the simplicity of the statistical cost function with the technical detail of process analysis. Pseudo data, which are generated by an electric power process model, depict the cost-minimizing input configurations...

This paper utilizes an econometric model of the electric utility industry to stimulate the effects of higher fuel prices on electricity demand and on the mix of fuel inputs to electricity generation. The model treats as endogenous electricity demand, electricity prices, the efficiency of fuel...