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The Effects of Energy Prices Upon Appliance Efficiencies and Building Insulation

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  • Michael A. Einhorn

Abstract

Energy economists have long recognized the fact that changes in energy prices can affect the demand for energy in several ways (e.g., see Fisher and Kaysen, 1962; Taylor, 1975). In the short run, energy users can change their utilization of a fixed appliance stock or a fixed set of capital equipment. In the long run, a user may change the makeup of his appliance stock by purchasing appliances he has never owned in the past, allowing certain appliances to retire unreplaced, and replacing worn-out devices with new ones of different operating efficiencies or of different fuel-using types. Recent works by economists have focused upon these various aspects of energy usage. (Prominent studies of short-run effects include Lawrence, 1982; George, 1982; Parti and Parti, 1980; and McFadden, Puig, and Kirshner, 1977.

Suggested Citation

  • Michael A. Einhorn, 1986. "The Effects of Energy Prices Upon Appliance Efficiencies and Building Insulation," The Energy Journal, , vol. 7(3), pages 115-122, July.
    • Handle: RePEc:sae:enejou:v:7:y:1986:i:3:p:115-122
    DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No3-9
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    References listed on IDEAS

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    1. Michael Parti & Cynthia Parti, 1980. "The Total and Appliance-Specific Conditional Demand for Electricity in the Household Sector," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 309-321, Spring.
    2. Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-362, March.
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