Policy-induced technology adoption: Evidence from the U.S. lead phasedown
Publication
, Journal Article
Kerr, S; Newell, RG
Published in: Journal of Industrial Economics
January 1, 2003
Theory suggests that economic instruments, such as pollution taxes or tradable permits, can provide more efficient technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing dramatic decreases in allowed pollution - the U.S. petroleum industry's phasedown of lead in gasoline. Using a duration model applied to a panel of refineries from 1971-1995, we find that the pattern of technology adoption is consistent with an economic response to market incentives, plant characteristics, and alternative policies. Importantly, evidence suggests that the tradable permit system used during the phasedown provided incentives for more efficient technology adoption decisions.
Duke Scholars
Altmetric Attention Stats
Dimensions Citation Stats
Published In
Journal of Industrial Economics
DOI
ISSN
0022-1821
Publication Date
January 1, 2003
Volume
51
Issue
3
Start / End Page
317 / 343
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Kerr, S., & Newell, R. G. (2003). Policy-induced technology adoption: Evidence from the U.S. lead phasedown. Journal of Industrial Economics, 51(3), 317–343. https://doi.org/10.1111/1467-6451.00203
Kerr, S., and R. G. Newell. “Policy-induced technology adoption: Evidence from the U.S. lead phasedown.” Journal of Industrial Economics 51, no. 3 (January 1, 2003): 317–43. https://doi.org/10.1111/1467-6451.00203.
Kerr S, Newell RG. Policy-induced technology adoption: Evidence from the U.S. lead phasedown. Journal of Industrial Economics. 2003 Jan 1;51(3):317–43.
Kerr, S., and R. G. Newell. “Policy-induced technology adoption: Evidence from the U.S. lead phasedown.” Journal of Industrial Economics, vol. 51, no. 3, Jan. 2003, pp. 317–43. Scopus, doi:10.1111/1467-6451.00203.
Kerr S, Newell RG. Policy-induced technology adoption: Evidence from the U.S. lead phasedown. Journal of Industrial Economics. 2003 Jan 1;51(3):317–343.
Published In
Journal of Industrial Economics
DOI
ISSN
0022-1821
Publication Date
January 1, 2003
Volume
51
Issue
3
Start / End Page
317 / 343
Related Subject Headings
- Economics
- 3803 Economic theory
- 3801 Applied economics
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory