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Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear Power

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Author Info
Martin B. Zimmerman
Abstract

Recently, attention has been focused on government policy toward commercialization of new energy technologies. Arguments are offered that in the early days of commercialization significant learning externalities that justify subsidy are present. Using nuclear power as a case study, this article estimates the learning effects actually present. The effect of experience on construction cost and on the accuracy of cost estimation is examined. External learning is separated from internalized learning about both construction cost and cost estimation. Finally, an estimate of the value of both kinds of learning externality is provided. The results suggest learning externalities were present, but had little effect on the rate of commercialization.

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Publisher Info
Article provided by The RAND Corporation in its journal Bell Journal of Economics.

Volume (Year): 13 (1982)
Issue (Month): 2 (Autumn)
Pages: 297-310
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Handle: RePEc:rje:bellje:v:13:y:1982:i:autumn:p:297-310

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  1. Jørgen Drud Hansen & Camilla Jensen & Erik Strøjer Madsen, 2001. "Green Subsidies and Learning-by-doing in the Windmill Industry," CIE Discussion Papers 2001-06, University of Copenhagen. Department of Economics. Centre for Industrial Economics. [Downloadable!]
  2. Carlos Ocaña Pérez de Tudela, 1993. "Modelos dinámicos de competencia estratégica y cambio técnico: una panorámica," Investigaciones Economicas, Fundación SEPI, vol. 17(1), pages 43-63, January. [Downloadable!]
  3. Majd, Saman. & Pindyck, Robert S., 1987. "The learning curve and optimal production under uncertainty," Working papers 1948-87., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
    Other versions:
  4. Emanuela Randon & Ahmad Naimzada, 2004. "Dynamics of the Non Linear Learning Curve with Spillovers in a Differentiated Oligopoly: Effects on Industry Structure," Working Papers 80, University of Milano-Bicocca, Department of Economics, revised Oct 2004. [Downloadable!]
    Other versions:
  5. Doede Wiersma, 1991. "Static and dynamic efficiency of pollution control strategies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 1(1), pages 63-82, March. [Downloadable!] (restricted)
  6. C. Lanier Benkard, 2000. "Learning and Forgetting: The Dynamics of Aircraft Production," American Economic Review, American Economic Association, vol. 90(4), pages 1034-1054, September. [Downloadable!] (restricted)
  7. C. Lanier Benkard, 1999. "Learning and Forgetting: The Dynamics of Aircraft Production," NBER Working Papers 7127, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Jovanovic, Boyan & Lach, Saul, 1988. "Entry, Exit, And Diffusion With Learning By Doing," Working Papers 88-16, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
    Other versions:
  9. Robert S. Huckman & Gary P. Pisano, 2003. "The Effect of Organizational Context on Individual Performance," NBER Working Papers 10027, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Harashima, Taiji, 2009. "A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element," MPRA Paper 15508, University Library of Munich, Germany. [Downloadable!]
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