Nordhaus’s Programming Model of Energy Futures Revisited

We conduct a small-scale linear programming simulation of an energy future based on the work of Nordhaus. We are able to link our quantity model (a primal model) quite precisely to its price problem (a dual model). Our amended Nordhaus formulation, with our present-value adjustments, has a dual (pri...

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Bibliographic Details
Main Author: John M. Hartwick
Format: Article
Language:English
Published: MDPI AG 2025-03-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/18/7/1563
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