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• W3121869254 abstract "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." @default.
• W3121869254 created "2021-02-01" @default.
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• W3121869254 date "2003-09-01" @default.
• W3121869254 modified "2023-09-30" @default.
• W3121869254 title "Policy-Induced Technology Adoption: Evidence from the U.S. Lead Phasedown" @default.
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• W3121869254 doi "https://doi.org/10.1111/1467-6451.00203" @default.
• W3121869254 hasPublicationYear "2003" @default.
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