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dc.contributor.authorMauritzen, Johannes
dc.date.accessioned2014-10-14T10:27:51Z
dc.date.available2014-10-14T10:27:51Z
dc.date.issued2014-09
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/223718
dc.description.abstractUsing 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.isoengnb_NO
dc.publisherFORnb_NO
dc.relation.ispartofseriesDiscussion paper;35/14
dc.titleSun and lemons : getting over information asymmetries in the California Solar Marketnb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212nb_NO


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