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Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear Power
Open accessAbstract
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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Cited by
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Darr, E. D., Argote, L., & Epple, D. (1995) · Management Science · doi:10.1287/mnsc.41.11.1750 · Cited by 1,455
Modes of Interorganizational Imitation: The Effects of Outcome Salience and Uncertainty
Haunschild, P. R., & Miner, A. S. (1997) · Administrative Science Quarterly · doi:10.2307/2393735 · Cited by 1,248
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Jackson, C. K., & Bruegmann, E. (2009) · American Economic Journal: Applied Economics · doi:10.1257/app.1.4.85 · Cited by 509
Metadata
- Authors
- Zimmerman, M. B.
- Venue
- The Bell Journal of Economics
- Publisher
- JSTOR
- Published
- 1982
- Volume
- 13
- Issue
- 2
- Pages
- 297
- ISSN
- 0361-915X (ISSN-L)
- OpenAlex
- W1588168387
- Cited by
- 266
- References
- 0
- FWCI
- 7.51
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.