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Multimarket, Multitechnology, Multiattribute Technological Forecasting

This model was developed to provide a simplified yet systematic approach to the estimation of complex market penetration problems. Specifically, the model permits the decision maker to determine simultaneously the market penetration of several technologicalinnovations, under conditions consisting of (1) multiple market applications for each technological innovation, and (2) numerous competing technologies in each market application. Availability of this type of model is critical in a field such as energy, where an "explosion" of technological ideas into the marketplace appears to be imminent.

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Energy Specializations: Energy Modeling – Sectoral Energy Demand & Technology

JEL Codes: D47: Market Design, Q55: Environmental Economics: Technological Innovation, Q54: Climate; Natural Disasters and Their Management; Global Warming, C52: Model Evaluation, Validation, and Selection, Q20: Renewable Resources and Conservation: General, C51: Model Construction and Estimation

Keywords: Technology change, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No2-7

Published in Volume 2, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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