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Title: Diffusion of irreversible energy technologies under uncertainty

Abstract

This paper presents a model of technology diffusion is consistent with characteristics of participants in most energy markets. Whereas the models used most widely for empirical research are based on the assumption that the extended delays in adoption of cost-saving innovations are the result of either lack of knowledge about the new processes or heterogeneity across potential adopters, the model presented in this paper is based on the strategic behavior by firms. The strategic interdependence of the firms` decisions is rooted in spillover effects associated with an inability to exclude others from the learning-by-doing acquired when a firm implements a new technology. The model makes extensive use of recent developments in investment theory as it relates irreversible investments under uncertainty.

Authors:
;
Publication Date:
Research Org.:
Argonne National Lab., IL (United States)
Sponsoring Org.:
USDOE, Washington, DC (United States)
OSTI Identifier:
10188634
Report Number(s):
ANL/DIS/RP-80855
ON: DE94001358
DOE Contract Number:
W-31109-ENG-38
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: Sep 1993
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; US DOE; RESEARCH PROGRAMS; INDUSTRY; TECHNOLOGY UTILIZATION; TECHNOLOGY TRANSFER; COMMERCIALIZATION; IRREVERSIBLE PROCESSES; MATHEMATICAL MODELS; 290500; RESEARCH, DEVELOPMENT, DEMONSTRATION, AND COMMERCIALIZATION

Citation Formats

Cacallo, J.D., and Sutherland, R.J. Diffusion of irreversible energy technologies under uncertainty. United States: N. p., 1993. Web. doi:10.2172/10188634.
Cacallo, J.D., & Sutherland, R.J. Diffusion of irreversible energy technologies under uncertainty. United States. doi:10.2172/10188634.
Cacallo, J.D., and Sutherland, R.J. Wed . "Diffusion of irreversible energy technologies under uncertainty". United States. doi:10.2172/10188634. https://www.osti.gov/servlets/purl/10188634.
@article{osti_10188634,
title = {Diffusion of irreversible energy technologies under uncertainty},
author = {Cacallo, J.D. and Sutherland, R.J.},
abstractNote = {This paper presents a model of technology diffusion is consistent with characteristics of participants in most energy markets. Whereas the models used most widely for empirical research are based on the assumption that the extended delays in adoption of cost-saving innovations are the result of either lack of knowledge about the new processes or heterogeneity across potential adopters, the model presented in this paper is based on the strategic behavior by firms. The strategic interdependence of the firms` decisions is rooted in spillover effects associated with an inability to exclude others from the learning-by-doing acquired when a firm implements a new technology. The model makes extensive use of recent developments in investment theory as it relates irreversible investments under uncertainty.},
doi = {10.2172/10188634},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Sep 01 00:00:00 EDT 1993},
month = {Wed Sep 01 00:00:00 EDT 1993}
}

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