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DOI	10.2172/142519
Title	The analytical foundations of conservation policy
Creator/Author	Sutherland, R.J.
Publication Date	1994 Mar 01
OSTI Identifier	OSTI ID: 142519; Legacy ID: DE94008472
Report Number(s)	ANL/EAIS/PP--77836
DOE Contract Number	W-31109-ENG-38
DOI	10.2172/142519
Other Number(s)	Other: ON: DE94008472; TRN: TRN: AHC29407%%51
Resource Type	Technical Report
Resource Relation	Other Information: PBD: [1994]
Research Org	Argonne National Lab., Washington, DC (United States)
Sponsoring Org	USDOE, Washington, DC (United States)
Subject	32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION ;29 ENERGY PLANNING AND POLICY; ENERGY POLICY; ECONOMICS; MARKETING RESEARCH; MARKET; ECONOMIC POLICY
Description/Abstract	The conservation paradigm is described here as: (1) reflecting the policy goal of energy efficiency, (2) the investment model that market barrier inhibit energy efficiency investments and (3) the emphasis of engineering estimates of market efficiency. In contrast, the economics paradigm emphasizes: (1) economic efficiency and equity, (2) market failures or market imperfections as impediments to achieving economic efficiency and (3) the behavior of markets to make efficient choices. Market barriers discourage investments in energy efficiency, but this is irrelevant for policy purposes where energy efficiency differs from economic efficiency. Where market barriers discourage economically efficient investments, they are of dubious significance for policy purposes unless they are market failures. The market barriers alleged in the conservation literature typically do not coincide with market failures. In a competitive and efficient market economy, investments judged efficient by engineering and present value calculations will not instantaneously achieve a market share of 100 percent. Barriers that delay diffusion are not necessarily appropriate for Government policy.
Country of Publication	United States
Language	English
Format	Size: 23 p.
Availability	OSTI as DE94008472 To purchase this media from NTIS, click here
System Entry Date	2007 Apr 23
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