10.2190/LJ3P-TTLP-DCV8-RVQ7 LJ3PTTLPDCV8RVQ7 5 Modeling Investment in Energy Recovery from Municipal Solid Waste 257 277 20020509 20020509 20020509 20020509 LJ3PTTLPDCV8RVQ7.pdf http://baywood.metapress.com/link.asp?target=contribution&id=LJ3PTTLPDCV8RVQ7 3 G. Anandalingam University of Pennsylvania, Philadelphia A dynamic partial equilibrium model of the market for municipal solid waste (MSW) energy recovery equipment was developed to analyze the economics of energy recovery from MSW. Short-run and long-run solutions are derived, and the impact of extending investment tax credits are analyzed. Empirical results are obtained through simulations for a case in the United States. Results show that in order to offset welfare losses caused by the market distortions introduced by the tax credits, the oil use premium has to be more than $13 per barrel. H. L. Varian, <i>Microeconomic Analysis</i>, (2nd Edition), Norton, New York, 1984. G. Anandalingam and S. P. A. Brown, Modeling Tax Credit Incentives for Business Investment in Selected Energy Conservation and Production Technologies, Report No. BNL 31278, Brookhaven National Laboratory, Upton, New York, March 1982. S. A. Ravid, The Optimal Timing of Investment in Energy Conservation Technology, BNL 51173, Brookhaven National Laboratory, Upton, New York, July 1978. NCRR, Resources Recovery Activities, <i>The Journal of Resource Recovery</i>, National Center for Resource Recovery, Washington, D. C., pp. 15-24, March 1981. W. C. Metz, Refuse Equals Energy: Can the Northeast be powered by its Municipal Refuse?, <i>Geographical Perspectives</i>, No. 47, Spring 1981. P. M. Meier and T. H. McCoy, Solid Waste as An Energy Source for the Northeast, Report No. BNL 50559, Brookhaven National Laboratory, Upton, New York, June 1976. <i>Federal Register</i>, Investment Credit for Energy Property—Final Regulation, <i>46</i>: 15, January 1981.