| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11438 |
| DP11438 Subsidies and Myopia in Technology Adoption: Evidence from Solar Photovoltaic Systems | |
| Frank Verboven; Olivier De Groote | |
| 发表日期 | 2016-08-18 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Many countries have relied on subsidies to promote the adoption of renewable energy technologies. We study a generous program to promote the adoption of solar photovoltaic (PV) systems through subsidies on future electricity production, rather than through upfront investment subsidies. We develop and estimate a tractable dynamic model of technology adoption, also accounting for local market heterogeneity. We exploit rich variation at pre-announced dates in the future production subsidies. Although the program led to a massive adoption, we find that households significantly undervalued the future benefits from the new technology. This implies that an upfront investment subsidy program would have promoted the technology at a much lower budgetary cost, so that the government essentially shifted the subsidy burden to future generations of electricity consumers. |
| 主题 | Industrial Organization |
| 关键词 | Renewable energy technologies Dynamic discrete choice Myopia |
| URL | https://cepr.org/publications/dp11438 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540252 |
| 推荐引用方式 GB/T 7714 | Frank Verboven,Olivier De Groote. DP11438 Subsidies and Myopia in Technology Adoption: Evidence from Solar Photovoltaic Systems. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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