dc.contributor.author | Mauritzen, Johannes | |
dc.date.accessioned | 2014-10-14T10:27:51Z | |
dc.date.available | 2014-10-14T10:27:51Z | |
dc.date.issued | 2014-09 | |
dc.identifier.issn | 1500-4066 | |
dc.identifier.uri | http://hdl.handle.net/11250/223718 | |
dc.description.abstract | Using detailed data of approximately 125,000 solar photovoltaic
systems installed in California between 2007 and 2014 I argue that
the adoption of solar panels from Chinese manufacturers and the in-
troduction of a leasing model for solar systems are closely intertwined.
First, cheaper Chinese panels allowed a leasing model to be profitable
for contractors. But an asymmetric information problem exists in the
market for solar panels. Solar panels are long-lived productive as-
sets, where quality is important but costly for individual consumers
to verify. Consumers can instead be expected to rely on brands and
observed reliability. This led to a barrier to entry for cheaper pan-
els from new, primarily Chinese manufacturers. The adoption of a
leasing model by several large local installers solved the asymmetric
information problem and led to the adoption of Chinese panels and in
turn lower overall system prices. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | FOR | nb_NO |
dc.relation.ispartofseries | Discussion paper;35/14 | |
dc.title | Sun and lemons : getting over information asymmetries in the California Solar Market | nb_NO |
dc.type | Working paper | nb_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | nb_NO |