Skip to main content
Article
Can Irreversibility Explain the Slow Diffusion of Energy Saving Technologies? (with Kevin Hassett)
Energy Policy (1996)
  • Gilbert E. Metcalf, Tufts University
Abstract
A model was developed on the effects of irreversibility on home improvement behavior. It is also considered whether it may be helpful in shedding light on the slow diffusion of new energy technologies. This work has been criticized for being of little value in studying the high discount rates applied by consumers to home-improvement purchases. It is proven that the model can generate predicted hurdle rates as high as those estimated in the literature, and thus solve the energy paradox.
Disciplines
Publication Date
1996
Citation Information
Gilbert E. Metcalf. "Can Irreversibility Explain the Slow Diffusion of Energy Saving Technologies? (with Kevin Hassett)" Energy Policy Vol. 24 (1996)
Available at: http://works.bepress.com/gilbert_metcalf/15/