Market demand is an important driver for inducing innovation, with many empirical studies supporting the demand-induced innovation hypothesis. Critiques of such studies, however, emphasize that new empirical evidence under clear policy context is needed. Furthermore, existing literature...

It is widely known that demand-pull policies in the United States, especially the federal investment tax credits (ITC) and the California Solar Initiative (CSI), have led to a rapid escalation in the installation of solar photovoltaic (PV) systems. But there has been little systematic study into...