Information programs for technology adoption: The case of energy-efficiency audits

Journal Article (Journal Article)

We analyze technology adoption decisions of manufacturing plants in response to government-sponsored energy audits. Overall, plants adopt about half of the recommended energy-efficiency projects. Using fixed effects logit estimation, we find that adoption rates are higher for projects with shorter paybacks, lower costs, greater annual savings, higher energy prices, and greater energy conservation. Plants are 40% more responsive to initial costs than annual savings, suggesting that subsidies may be more effective at promoting energy-efficient technologies than energy price increases. Adoption decisions imply hurdle rates of 50-100%, which is consistent with the investment criteria small and medium-size firms state they use. © 2003 Elsevier B.V. All rights reserved.

Full Text

Duke Authors

Cited Authors

  • Anderson, ST; Newell, RG

Published Date

  • January 1, 2004

Published In

Volume / Issue

  • 26 / 1

Start / End Page

  • 27 - 50

International Standard Serial Number (ISSN)

  • 0928-7655

Digital Object Identifier (DOI)

  • 10.1016/j.reseneeco.2003.07.001

Citation Source

  • Scopus