Top-down models usually include piecewise-smooth functions to describe marginal cost curves, while bottom-up models describe those curves with a step function. When a bottom-up cost curve is available, we can explicitly represent this curve with a top-down model in order to replicate its shape...

Bottom-up models of oil production are continuously being used to guide investments and policymaking. Compared to simpler top-down models, bottom-up models have a number of advantages due to their modularity, flexibility and concreteness. The purposes of this paper is to identify the crucial...

This paper centers on the estimation of the total primary energy consumption for personal transportation in the United States, to include gasoline and/or electricity consumption, depending on vehicle type. The bottom-up sector-based estimation method introduced here contributes to a...

This paper presents the first attempt to quantify the potential impacts of a massive deployment of state-of-the-art energy-efficient technologies in the most energy-consuming economies in the world: the United States, the European Union, China, and India. We first identified the most efficient...

There is a lively debate between ‘concerned’ and ‘unconcerned’ analysts regarding the future availability and affordability of oil. We critically examine two interrelated and seemingly plausible arguments for an unconcerned view: (1) there is a growing amount of remaining reserves; (2)...