The determinants of energy-saving innovation, and particularly the roles of energy prices and efficiency standards in … adapting the induced innovation model to a product characteristics framework, we develop econometric estimates that indicate … (equiproportional) improvement in all product characteristics, and that this neutral innovation does not appear to be responsive to …

We develop a methodology for testing Hick?s induced innovation hypothesis by estimating a product-characteristics model … the products we explored, the evidence suggests: (i) that the rate of overall innovation was independent of energy prices … and regulations, (ii) the direction of innovation was responsive to energy price changes for some products but not for …