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국회도서관 홈으로 정보검색 소장정보 검색

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Title page

Contents

Abstract 2

1. Introduction 4

2. Related Literature 6

2.1. Theoretical background 6

2.2. Energy and environmental technology adoption literature 7

2.3. Experimental tests 8

3. Experimental Design and Procedures 9

3.1. Payoffs, Probabilities and Information 9

3.2. The Three Treatments 10

4. Theory 11

4.1. Treatments P and PO 12

4.2. Treatment CO 13

4.3. Implications 14

5. Experimental Results 15

5.1. Accuracy of Decisions 16

5.2. Survival Analysis of Adoption Timing 16

5.3. The Speed-Accuracy Tradeoff 21

6. Policy Options and Conclusions 23

References 27

A. Instructions for Laboratory Subjects 30

B. Survival Analysis 36

Tables

Table 1. Characteristics of the Treatments 11

Table 2. Optimal Decisions for Treatments P and PO 13

Table 3. Summary Statistics of Decision Accuracy 16

Table 4. Cox Proportional Hazard Models with Covariates 18

Table 5. Competing Risks Models of Adoption of B and C 21

Table 6. Tradeoff Between Speed and Accuracy 22

Table 7. Average Payoff Under Behavioral Rules 23

Table 8. Log-Rank Tests of Equality of Survival Functions 36

Table 9. Cox Proportional Hazard Models Relative to the Baseline Treatment, P 37

Figures

Figure 1. Smoothed Hazard Function by Treatment 17

Figure 2. Cumulative Incidence of B and C by Treatment 20

Appendix Figures

Figure 1. Payoffs for Options A, B, and C 31