Market Substitution Models and Economic Parameters

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/1271 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/1271 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/1271 archive 351 disk0/00/00/12/42 2016-01-15 01:47:14 2021-08-27 17:09:37 2016-01-15 01:47:14 monograph show 2 Spinrad B.I. AL0370 Market Substitution Models and Economic Parameters pub iis_ecn iis_ene iis_mod prog_enp Peterka's model for market penetration rests on pricing assumptions used by centrally planned economies and, on this basis, is not applicable in market economies. It is also a strategic principle rather than a strictly deterministic model, since less favored, as well as more favored, technologies continue to be adopted. Using related strategic principles, this paper explores several models that might be usable in market economies. Test application of models to a synthetic problem simulating market substitution in the electric utility industry favors the "price" model. In this model, the economic attractiveness of a technology is proportional to the inverse of the price that would have to be charged for a product. 1980-07 published RR-80-028 RR-80-028 10 2413 public research_report IIASA, Laxenburg, Austria 30 TRUE FALSE info:eu-repo/semantics/book