Social Learning about Environmental Innovations (Record no. 143701)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02697cam a22003374a 4500 |
| 001 - CONTROL NUMBER | |
| control field | 7955 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | The World Bank |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20181123131506.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
| fixed length control field | m o d |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
| fixed length control field | cr cn||||||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 160311s2017 dcu o i00 0 eng |
| 024 8# - OTHER STANDARD IDENTIFIER | |
| Standard number or code | 10.1596/1813-9450-7955 |
| 035 ## - SYSTEM CONTROL NUMBER | |
| System control number | (The World Bank)7955 |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Jamison, Julian C. |
| 245 10 - TITLE STATEMENT | |
| Title | Social Learning about Environmental Innovations |
| Medium | [electronic resource] : |
| Remainder of title | Experimental Analysis of Adoption Timing / |
| Statement of responsibility, etc | Julian C Jamison. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Washington, D.C. : |
| Name of publisher, distributor, etc | The World Bank, |
| Date of publication, distribution, etc | 2017. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 1 online resource (37 p.) |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc | Laboratory experiments were conducted to investigate how private and public information affect the selection of an innovation and the timing of adoption. The results shed light on the behavioral anomaly called the "energy-efficiency gap" in which consumers and firms delay adoption of cost-effective energy and environmental innovations. The subjects chose between competing innovations with freedom to select the timing of their adoption, relying on private signals and possibly observation of their peers. When deciding whether to make an irreversible choice between safe and risky technologies, roughly half the subjects delayed adoption beyond the time indicated by equilibrium behavior-confirming the behavioral anomaly found for environmental innovations. When they did adopt, the subjects gave proportionately more weight to their private signals than to the actions of their peers, implying they do not 'herd' on the latter. Nevertheless, when the subjects observed their peers' decisions, they did accelerate the timing of their adoption despite not necessarily imitating their peers. This result occurred even when the payoffs were statistically independent, as if observing prior adoptions exerted 'peer pressure' on the subjects to act. The experimental results suggest that rapid dissemination of information about peer actions can speed up the diffusion of environmental innovations and improve selection among competing technologies. |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Behavioral Economic Policy |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Diffusion Of Technology |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Endogenous Timing |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Environmental Innovations |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Herding |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Social Learning |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Jamison, Julian C. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Owens, David. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Woroch, Glenn. |
| 776 18 - ADDITIONAL PHYSICAL FORM ENTRY | |
| Main entry heading | Print Version: |
| Display text | Jamison, Julian C |
| Title | Social Learning about Environmental Innovations: Experimental Analysis of Adoption Timing |
| Place, publisher, and date of publication | Washington, D.C. : The World Bank, 2017 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Uniform title | Policy research working papers. |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
| Uniform title | World Bank e-Library. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7955">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7955</a> |
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