Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using
P. Mulder, H.L.F. de Groot, M.W. Hofkes
Institute for Environmental Studies
This paper studies the adoption and diffusion of energy-saving technologies in a vintage model. An important characteristic of the model is that vintages are complementary: there are returns to diversity of using a mix of vintages. We analyse how diffusion patterns and adoption behaviour are affected by complementarity and learning-by-using. It is shown that the stronger the complementarity between different vintages and the stronger the learning-by-using, the longer it takes before firms scrap old vintages. We argue that this is a relevant part of the explanation for the observed slow diffusion of energy-saving technologies. Finally, we show that an energy price tax reduces energy consumption, because it speeds up the diffusion of new energy-saving technologies and induces substitution from capital to labour. © 2002 Elsevier Science B.V. All rights reserved.
Resource and Energy Economics
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Mulder, P., de Groot, H. L. F., & Hofkes, M. W. (2003). Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using. Resource and Energy Economics, 25(1), 105-126. https://doi.org/10.1016/S0928-7655(02)00019-2
Mulder, P. ; de Groot, H.L.F. ; Hofkes, M.W. / Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using. In: Resource and Energy Economics. 2003 ; Vol. 25, No. 1. pp. 105-126.
@article{69adedcc62ff4d58bfb01f7f466f95c1,
title = "Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using",
abstract = "This paper studies the adoption and diffusion of energy-saving technologies in a vintage model. An important characteristic of the model is that vintages are complementary: there are returns to diversity of using a mix of vintages. We analyse how diffusion patterns and adoption behaviour are affected by complementarity and learning-by-using. It is shown that the stronger the complementarity between different vintages and the stronger the learning-by-using, the longer it takes before firms scrap old vintages. We argue that this is a relevant part of the explanation for the observed slow diffusion of energy-saving technologies. Finally, we show that an energy price tax reduces energy consumption, because it speeds up the diffusion of new energy-saving technologies and induces substitution from capital to labour. {\textcopyright} 2002 Elsevier Science B.V. All rights reserved.",
author = "P. Mulder and {de Groot}, H.L.F. and M.W. Hofkes",
journal = "Resource and Energy Economics",
Mulder, P, de Groot, HLF & Hofkes, MW 2003, 'Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using', Resource and Energy Economics, vol. 25, no. 1, pp. 105-126. https://doi.org/10.1016/S0928-7655(02)00019-2
Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using. / Mulder, P.; de Groot, H.L.F.; Hofkes, M.W.
In: Resource and Energy Economics, Vol. 25, No. 1, 2003, p. 105-126.
T1 - Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using
AU - Mulder, P.
AU - de Groot, H.L.F.
AU - Hofkes, M.W.
N2 - This paper studies the adoption and diffusion of energy-saving technologies in a vintage model. An important characteristic of the model is that vintages are complementary: there are returns to diversity of using a mix of vintages. We analyse how diffusion patterns and adoption behaviour are affected by complementarity and learning-by-using. It is shown that the stronger the complementarity between different vintages and the stronger the learning-by-using, the longer it takes before firms scrap old vintages. We argue that this is a relevant part of the explanation for the observed slow diffusion of energy-saving technologies. Finally, we show that an energy price tax reduces energy consumption, because it speeds up the diffusion of new energy-saving technologies and induces substitution from capital to labour. © 2002 Elsevier Science B.V. All rights reserved.
AB - This paper studies the adoption and diffusion of energy-saving technologies in a vintage model. An important characteristic of the model is that vintages are complementary: there are returns to diversity of using a mix of vintages. We analyse how diffusion patterns and adoption behaviour are affected by complementarity and learning-by-using. It is shown that the stronger the complementarity between different vintages and the stronger the learning-by-using, the longer it takes before firms scrap old vintages. We argue that this is a relevant part of the explanation for the observed slow diffusion of energy-saving technologies. Finally, we show that an energy price tax reduces energy consumption, because it speeds up the diffusion of new energy-saving technologies and induces substitution from capital to labour. © 2002 Elsevier Science B.V. All rights reserved.
JO - Resource and Energy Economics
JF - Resource and Energy Economics
Mulder P, de Groot HLF, Hofkes MW. Explaining slow diffusion of energy-saving technologies: a vintage model with returns to diversity and learning-by-using. Resource and Energy Economics. 2003;25(1):105-126. https://doi.org/10.1016/S0928-7655(02)00019-2