Project at a Glance

Title: Summary and evaluation of existing economic models of the petroleum refining industry

Principal Investigator / Author(s): Walton, Amy L.

Contractor: The Southern Cross Company

Contract Number: A3-120-32

Research Program Area: Economic Analysis

Topic Areas: Impacts, Modeling


The California Air Resources Board is attempting to improve its in-house capability to evaluate cost analyses of candidate control measures and proposals related to changes in pollutant emissions from petroleum refineries in California. To improve its capability, the ARB is seeking a long-term economic model of the California petroleum refining industry which incorporates consumer and producer impacts.

This report provides a descriptive and critical review of currently available models which may be adaptable to the petroleum refining industry. Included are a detailed description of relevant models, an assessment and discussion of the relative merits and weaknesses of the various models, and a description of possible adaptation and development procedures.

For questions regarding this research project, including available data and progress status, contact: Research Division staff at (916) 445-0753

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