An integrated industry model of petroleum refining, electric power, and chemicals industries for costing pollution control and estimating energy prices

Abstract

National policy is currently placing increasingly restrictive limitations on discharges of both air and water pollutants which will have widespread impact on the industries involved as well as the national economy. Because government policies affect the fundamental structure of markets, historical data are not sufficient to forecast the cost, market, and ripple effects of major changes in government policy. Historical data must be augmented with a synthesis of technical information into an economic framework to deal intelligently with the problem on a policy level. This paper reviews detailed work presented in three monographs [1,2,3] and gives key examples of how technical information may b..