Abstract
In this chapter we present a conceptual model of adoption processes under the assumption that renewable energy is supplied in a monopolistic market. As anticipated in Chapter 4, our approach to the adoption processes and to the choice of the optimal moment of adoption is a dynamic approach, since it stresses the way in which adoption costs and revenues change while time passes. Learning processes and cumulative know-how on the old technology influence the values of adoption costs and advantages over time, and may in the long run tum a profitable adoption into a non profitable solution.
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© 1999 Springer-Verlag Berlin Heidelberg
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Capello, R., Nijkamp, P., Pepping, G. (1999). Irreversibilities and Indivisibilities of Renewable Energy Adoption Processes in a Monopolistic Market. In: Sustainable Cities and Energy Policies. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03833-8_5
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DOI: https://doi.org/10.1007/978-3-662-03833-8_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-08434-8
Online ISBN: 978-3-662-03833-8
eBook Packages: Springer Book Archive