Agent-Based Models of Energy Investment Decisions [electronic resource] /
Wittmann, Tobias.author.
This book demonstrates how bounded rational decision models can be standardized and parameterized by socio-economic data. Focusing on private energy technology investment decisions, the author shows how different representative agents can be constructed using search rules, analysis tools and decision strategies. Diffusion curves for energy technologies such as solar collectors, boilers and efficiency upgrades for buildings are calculated. Further, the model is extended to study the impact of firms’ competition on technology diffusion. The modeling approach presented in this book may serve as a template for applications in other domain.
Description based upon print version of record.
Includes bibliographical references.
Drivers of Change and Energy Models -- Model Design -- Private Actor Model -- Commercial Actor Model -- Conclusions.
This book demonstrates how bounded rational decision models can be standardized and parameterized by socio-economic data. Focusing on private energy technology investment decisions, the author shows how different representative agents can be constructed using search rules, analysis tools and decision strategies. Diffusion curves for energy technologies such as solar collectors, boilers and efficiency upgrades for buildings are calculated. Further, the model is extended to study the impact of firms’ competition on technology diffusion. The modeling approach presented in this book may serve as a template for applications in other domain.
Energy systems.
Environmental economics.
Climate change.
Energy policy.
Energy and state.
Regional planning.
Urban planning.
Energy Systems.
Environmental Economics.
Climate Change.
Energy Policy, Economics and Management.
Landscape/Regional and Urban Planning.
Energy Systems.
Sustainability and Innovation