On the optimal allocation of grants to energy conservation investments

• Published in: Resources and Energy Vol. 6; no. 1; pp. 61 - 68
• Main Author: Magirou, Vangelis F.
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 01.03.1984; North-Holland; Amsterdam :Elsevier Science Publishers,1993
• Subjects: Applied sciences; Economic data; Energy; Energy economics; Exact sciences and technology; General, economic and professional studies; Greece; Energy conservation; Criterion; Energy economy; Subsidy; Optimization; Investment

A criterion is presented for the allocation of grants by a state agency to energy conservation investments which maximizes the expected value of the resulting energy savings, subject to a constraint on the total expenditure for these grants. The allocation formula that follows from the application o...