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CO2 Emission Reduction Costs in the Residential Sector: Behavioral Parameters in a Bottom-Up Simulation Model

Publication Type:

Journal Article

Source:

Number 4 (1996)

URL:

http://scholar.google.com/scholar?as_q=Why+Bounded+Rationality?&as_authors=Conlisk

Abstract:

Evaluating policies intended to reduce energy-related carbon dioxide emissions requires integration of many components. A notable dichotomy exists between bottom-up and top-down models for estimating the costs of reducing these emissions. The paper examines the conflicting approaches to these models and offers suggestions for policy makers.