Data/hora: 13/06/2024 07:20:44

Provedor de dados: | 31
País: | United States
Título: | The Induced Innovation Hypothesis and Energy-Saving Technological Change
Autores: | Newell,   Richard G.; Jaffe,   Adam B.; Stavins,   Robert N.
Data: | 2005-11-01
Ano: | 1998
Palavras-chave: | Induced innovation; Energy efficiency; Technological change; Economic incentives; Regulation; Standards; Climate change; Resource /Energy Economics and Policy; L51; O31; O38; Q40; Q20; Q48.
Resumo: | We develop a methodology for testing Hick's induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the rate of overall innovation was independent of energy prices and regulations, (ii) the direction of innovation was responsive to energy price changes for some products but not for others, (iii) energy price changes induced changes in the subset of technically feasible models that were offered for sale, (iv) this responsiveness increased substantially during the period after energy-efficiency product labeling was required, and (v) nonetheless, a sizeable portion of efficiency improvements were autonomous.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18746

http://purl.umn.edu/10521

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 98-12-REV

Formato:

43

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