The GAO natural gas supply model |
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Authors: | Carlisle E. Moody Patrick L. Valentine William J. Kruvant |
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Affiliation: | 1. Department of Economics, College of William and Mary, Williamburg, VA 23185, USA;2. Energy and Materials Division, US General Accounting Office, Washington, DC, USA |
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Abstract: | This paper presents a small, annual model of natural gas supply used for policy analysis by the US General Accounting Office. The model incorporates a realistically complex lag structure and complex dynamics while maintaining a simple theoretical framework and manageable size. It simulates the historical record very well and is employed in this paper to generate three scenarios concerning gas supply from 1982–1990 under alternative price control policies. |
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Keywords: | Natural gas Supply Modelling |
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