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The Impact of Energy Prices on Product Innovation: Evidence from the UK Refrigerator Market
| Content Provider | Semantic Scholar |
|---|---|
| Author | Cohen, François Glachant, Matthieu Söderberg, Magnus |
| Copyright Year | 2017 |
| Abstract | This paper uses product-level data from the UK refrigerator market to evaluate the impact of electricity prices on product innovation. Our best estimate is that a 10% increase in the electricity price reduces the average energy consumption of commercialized refrigerator models by 2%. A large share of this reduction is explained by a reduction of freezing space. We also show that the exit of energy-inefficient products contributes more to energy reduction than the launch of new energy-efficient models. These findings suggest that innovation – the development of better technologies embodied in new products – does not respond strongly to energy price variations. |
| Starting Page | 81 |
| Ending Page | 88 |
| Page Count | 8 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/j.eneco.2017.10.020 |
| Volume Number | 68 |
| Alternate Webpage(s) | http://repec.graduateinstitute.ch/pdfs/ciesrp/CIES_RP_51.pdf |
| Alternate Webpage(s) | https://tind-customer-iheid.s3.amazonaws.com/0cc994ab-dcb6-4fce-85b4-43a427615a36?AWSAccessKeyId=AKIAXL7W7Q3XHRF6JAHR&Expires=1564782160&Signature=ah/wM2k9L7z6K69NGS/1nALxpcY%3D&response-content-disposition=inline%3B+filename*%3DUTF-8''Research%2520brief%25201.pdf&response-content-type=application/pdf |
| Alternate Webpage(s) | http://www.cerna.mines-paristech.fr/Donnees/data13/1365-Fridge-paper-innovation-FINAL.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/j.eneco.2017.10.020 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
