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- The Diffusion of New Technologies
The Diffusion of New Technologies
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Excerpt from The Diffusion of New Technologies: Evidence From the Electric Utility Industry
For the 144 utilities in our sample, the ratio of highest to lowest average fuel cost per million Btus was 325 percent in 1962 and 393 percent in 1972. Such differences in fuel costs should contribute to significant variation in the relative attractiveness of the new technologies.
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