THE ENERGY PARADOX AND THE DIFFUSION OF CONSERVATION TECHNOLOGY
THE ENERGY PARADOX AND THE DIFFUSION OF CONSERVATION TECHNOLOGY
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DOI:
10.1016/0928-7655(94)90001-9
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发表时间:
1994-05-01
影响因子:
2.9
通讯作者:
STAVINS, RN
中科院分区:
文献类型:
--
作者:
JAFFE, AB;STAVINS, RN
We develop a framework for thinking about the 'paradox' of very gradual diffusion of apparently cost-effective energy-conservation technologies. Our analysis provides some keys to understanding why this technology-diffusion process is gradual, and focuses attention on the factors that cause this to be the case, including those associated with potential market failures - information problems, principal/agent slippage, and unobserved costs - and those explanations that do not represent market failures - private information costs, high discount rates, and heterogeneity among potential adopters. Additionally, our analysis indicates how alternative policy instrument - both economic incentives and direct regulations - can hasten the diffusion of energy-conserving technologies.