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Dynamic and static behaviour with respect to energy use and investment of Dutch Greenhouse firms 31
Verreth, Daphne M.I.; Emvalomatis, Grigorios; Bunte, Frank H.J.; Oude Lansink, Alfons G.J.M..
Dutch greenhouse horticultural firms are energy-intensive and major emitters of greenhouse gases. This paper develops a theoretically consistent model that is able to describe the greenhouse firms` behaviour regarding energy use and investments in energy technology. The behaviour of the firm is modelled using a combination of a dynamic cost function and a static profit function framework. This paper derives the optimal quantity of energy and energy capital from the link between these two functions. The model is applied to a panel of 97 Dutch greenhouse firms over the period 2001-2008. The results show that most Dutch greenhouse firms shift from being net electricity users to net electricity producers in the long run. Investing in energy capital contribute...
Tipo: Presentation Palavras-chave: Greenhouse horticulture; Energy; Dynamic duality; Short-run marginal cost; Adjustment costs; Production Economics; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/123508
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