In the economic theory of investment behavior the form of the optimal production and investment policy depends critically on the form of technology. The purpose of this paper is to select an appropriate description of technology on the basis of empirical evidence for United States manufacturing...

Models for energy policy assessment have been developed using both process analysis and econometrics. The process approach provides for the incorporation of information on future technological and structural changes based on detailed engineering studies. The econometric approach is well adapted...

This paper presents a new approach to the quantitative analysis of U.S. energy policy, based on an integration of econometric modeling and input-output analysis. It incorporates a new methodology for assessing the impact of economic policy on both demand and supply for energy within a complete...

This paper develops an econometric model of investment behavior for the regulated industries in the United States. In these industries the firm faces a regulatory constraint; regulatory agencies fix the price of output on the principle of a given rate of return applied to the value of assets as...