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| Author: | DeCanio, S. J. |
| Title: | Barriers within firms to energy-efficient investments |
| Journal: | Energy Policy
1993 : SEP, VOL. 21:9, p. 906-914 |
| Index terms: | ENERGY ENERGY POLICY ENERGY CONSERVATION INVESTMENT PROFITABILITY |
| Language: | eng |
| Abstract: | Many investments in energy efficiency fail to be made despite their apparent profitability because of problems of information and control. One task of management is to ferret out profitable opportunities and overcome the barriers to them. Internal hurdle rates are often set at higher levels than the cost of capital to the firm. Reasons for these practices include bounded rationality, principal-agent problems, and moral hazard. The policy implication is that government can simultaneously improve overall energy efficiency and increase private sector productivity by providing informational and organizational services that go beyond the traditional regulatory framework. |
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