Barriers within firms to energy-efficient investments
Many investments in energy efficiency fail to be made despite their apparent profitability. Internal hurdle rates are often set at levels higher than the cost of capital to the firm. Reasons for these practices include bounded rationality, principal-agent problems, and moral hazard. The policy impli...
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| Veröffentlicht in: | Energy policy 1993-09, Vol.21 (9), p.906-914 |
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| container_title | Energy policy |
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| creator | DeCanio, Stephen J. |
| description | Many investments in energy efficiency fail to be made despite their apparent profitability. Internal hurdle rates are often set at levels higher than the cost of capital to the firm. Reasons for these practices include bounded rationality, principal-agent problems, and moral hazard. The policy implication is that government can simultaneously improve overall energy efficiency and increase private sector productivity by providing informational and organizational services that go beyond the traditional regulatory framework. |
| doi_str_mv | 10.1016/0301-4215(93)90178-I |
| format | Article |
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| ispartof | Energy policy, 1993-09, Vol.21 (9), p.906-914 |
| issn | 0301-4215 1873-6777 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38407211 |
| source | RePEc; PAIS Index; Elsevier ScienceDirect Journals |
| subjects | Applied sciences Bounded rationality Corporate planning Economic theory Energy Energy conservation Energy economics Energy efficiency Energy policy Exact sciences and technology General, economic and professional studies Implications Moral hazard Optimization Policy making Principal-agent problem |
| title | Barriers within firms to energy-efficient investments |
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