14.43J - Energy Decisions, Markets, and Policies
14.43J/15.031J Energy Decisions, Markets, and Policies (Spring 2012, MIT OCW). Instructor: Professor Richard Schmalensee. This course examines the choices and constraints regarding sources and uses of energy by households, firms, and governments through a number of frameworks to describe and explain behavior at various levels of aggregation. Examples include a wide range of countries, scope, settings, and analytical approaches. (from ocw.mit.edu)
| Lecture 05 - Path Dependence in Energy Systems |
This lecture focuses on path dependence and the obstacles discouraging changes in energy systems. Several examples of energy systems are given, including those unable to be changed as well as those that were changed in light of path dependence.
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