Information Programs for Technology Adoption: The Case of Energy-Efficiency Audits
The authors analyze technology adoption decisions of manufacturers in response to energy audits provided by Department of Energy Industrial Assessment Centers. Using fixed effects logit estimation to control for unobserved plant characteristics, they find that plants respond as expected to financial costs and benefits, though there are unmeasured project-related factors that also influence investment decisions.
Link
http://econpapers.repec.org/scripts/redir.pl?u=http%3A%2F%2Fwww.rff.org%2Fdocuments%2FRFF-DP-02-58.pdf;h=repec:rff:dpaper:dp-02-58