Learning Effects and the Commercialization of New Energy Technologies

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Excerpt from Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear PowerThe policy debate has centered on the wisdom of government subsidy for the construction of large-scale commercial plants. The goal of subsidizing the plants is not to produce new technological information since the technology is already proven. Rather, the goal is to overcome obstacles to the introduction of the technology by the private sector. These obstacles are claimed to be of an informational nature. It is argued there are significant learning externalities. First, observing others' experience leads to lower construction-costs. Since the benefits can be realized by another's investment, there is too little incentive to invest.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.