Steam-Electric Cogeneration in Industry: An Economic and Thermodynamic Analysis

The purpose of this thesis is to apply the theoretical frameworks and statistical techniques of economic analysis to an area which has been viewed primarily from a technical, engineering perspective: the simultaneous generation of steam and electricity by industry firms. It improves upon previous studies in two ways. First, it makes an empirical assessment of the importance of market forces in industrial cogeneration decisions. Second, both components of cogeneration behavior -- investment and utilization -- are examined