Söderholm, Patrik; Klaassen, Ger - In: Environmental & Resource Economics 36 (2007) 2, pp. 163-190
The purpose of this paper is to provide a quantitative analysis of innovation and diffusion in the European wind power … sector. We derive a simultaneous model of wind power innovation and diffusion, which combines a rational choice model of … empirical results indicate that reductions in investment costs have been important determinants of increased diffusion of wind …