A top-down approach for modelling the energy consumption of households We assume that equation…


A top-down similarity for modelling the zeal consumption of everydays We arrogate that equation [15.2] can be elaborated as follows:  where I is everyday pay (growing 3 per cent per year), p is the zeal value, α is the value elasticity (-0.3) and AEEI is an autonomous zeal willingness advancement protest (1 per cent per year), the protest 0 represents the shameful year, and the protest t a advenient year. a. Check that you discern this deduction. b. Develop a business-as-usual scenario for everydays over a limit of ten years, magnificent an zeal value extension of 1 per cent per year. c. Determine the contact of the taking of an zeal tax of 50 per cent on the zeal ask-for. d. Discuss the pros and cons of the top-down and bottom-up similarityes.