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The Returns to Insulation Upgrades: Results from a Mixed Engineering Econometric Model

Dubin, Jeffrey A. and Henson, Steven E. (1985) The Returns to Insulation Upgrades: Results from a Mixed Engineering Econometric Model. Social Science Working Paper, 582. California Institute of Technology , Pasadena, CA. (Unpublished)

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This paper estimates a new model of residential electricity demand. It differs from previous work in two ways. First, we utilize individual monthly billing data in a pooled time-series/cross-section framework. Second, we use an engineering/thermal load technique to model the household apace-heating technology. This allows more precise separation of the effects of economic variables from those of weather, and permits simulation of the effects of various conservation policies. We estimate the model using data from the Pacific Northwest, and use the results to analyze three conservation measures: a price increase, a reduction in thermostat settings, and an improvement of insulation levels. We find average rates of return for insulation upgrades of 4.9 percent for ceilings and 8.3 percent for walls.

Item Type:Report or Paper (Discussion Paper)
Additional Information:Presented at the Fifth World Congress of the Econometric Society, August 20, 1985. Research support was provided by the Bonneville Power Administration and the Northwest Power Planning Council under grant number DE-AI79-83BP13S79.
Group:Social Science Working Papers
Funding AgencyGrant Number
Northwest Power Planning CouncilUNSPECIFIED
Bonneville Power AdministrationUNSPECIFIED
Department of Energy (DOE)DE-AI79-83BP13S79
Series Name:Social Science Working Paper
Issue or Number:582
Record Number:CaltechAUTHORS:20170914-162617345
Persistent URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81469
Deposited By: Jacquelyn Bussone
Deposited On:15 Sep 2017 17:03
Last Modified:03 Oct 2019 18:43

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