@article{Pizer:10616,
      recid = {10616},
      author = {Pizer, William A. and Harrington, Winston and Kopp,  Raymond J. and Morgenstern, Richard D. and Shih,  Jhih-Shyang},
      title = {Technology Adoption and Aggregate Energy Efficiency},
      address = {2002},
      number = {1318-2016-103373},
      series = {Discussion Paper 02-52},
      pages = {37},
      year = {2002},
      abstract = {Improved technology is often cited as a means to alter the  otherwise difficult trade-off between the economic burden  of regulation and environmental damage. Focusing on  energy-saving technologies that mitigate the threat of  climate change, we find that both energy prices and  financial health influence technology adoption among a  sample of industrial plants in four heavily polluting  sectors. Based on a model linking technology adoption to  growth in aggregate efficiency, we estimate that a doubling  of energy prices, after raising the growth rate to 2.1%,  would require slightly more than 50 years to generate a 50%  improvement in aggregate efficiency relative to the  baseline forecast.},
      url = {http://ageconsearch.umn.edu/record/10616},
      doi = {https://doi.org/10.22004/ag.econ.10616},
}