Investment in energy efficiency: Do the characteristics of firms matter?

Review of Economics and Statistics

Volumn 80, Issue 1, 1998, Pages 95-107

  DeCanio, Stephen J ^a   Watkins, William E ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0032379983     PISSN: 00346535     EISSN: None     Source Type: Journal    
DOI: 10.1162/003465398557366     Document Type: Article

References (54)

1. Antle, Rick, and Gary D. Eppen, "Capital Rationing and Organizational Slack in Capital Budgeting," Management Science 31:2 (Feb. 1985), 163-174.
2. Aptech Systems, Inc., GAUSS manuals: vol. 1, System and Graphics Manual, vol. 2, Command Reference, Maple Valley, WA (1994).
3. Aptech Systems, Inc., GAUSS manuals: vol. 1, System and Graphics Manual, vol. 2, Command Reference, Maple Valley, WA (1994).
4. Arora, Seema, and Timothy N. Cason, "An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program," Journal of Environmental Economics and Management 28 (1995), 271-286.
5. Arora, Seema, and Subhashis Gangopadhyay, "Toward a Theoretical Model of Voluntary Overcompliance," Journal of Economic Behavior and Organization 28 (1995), 289-309.
6. Ayers, Robert U., "On Economic Disequilibrium and Free Lunch," Working Paper 93/45/EPS, Centre for the Management of Environmental Resources INSEAD, Fontainebleau, France (1993).
7. Bernanke, Ben S., "Irreversibility, Uncertainty, and Cyclical Investment," Quarterly Journal of Economics 97:1 (1983), 85-106.
8. Building Operating Management, "Guiding Lighting Retrofit," I/2 (Mar. 1992).
9. Calomiris, Charles W., and R. Glenn Hubbard, "Firm Heterogeneity, Internal Finance, and 'Credit Rationing,' " Economic Journal 100 (Mar. 1990), 90-104.
10. Carpenter, Robert E., Steven M. Fazzari, and Bruce C. Petersen, "Inventory Investment, Internal-Finance Fluctuations, and the Business Cycle," (includes comments), Brookings Papers on Economic Activity 2 (1994), 75-138.
11. Cummins, Jason G., Kevin A. Hassett, and R. Glenn Hubbard, "A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments," (includes comments), Brookings Papers on Economic Activity 2 (1994), 1-74.
12. Davidson, Russell, and James G. MacKinnon, Estimation and Inference in Econometrics (New York: Oxford University Press, 1993).
13. DeCanio, Stephen J., "Barriers within Firms to Energy-Efficient Investments," Energy Policy 21 (Sept. 1993), 906-914.
14. _ "Energy Efficiency and Managerial Performance: Improving Profitability while Reducing Greenhouse Gas Emissions," in David L. Feldman (ed.), Global Climate Change and Public Policy (Chicago: Nelson-Hall, 1994), 86-101.
15. _ "The Energy Paradox: Bureaucratic and Organizational Barriers to Profitable Energy-Saving Investments," Working Paper in Economics 19-95, Department of Economics, University of California, Santa Barbara (1995).
16. Dempster, A. P., N. M. Laird, and Donald B. Rubin, "Maximum Likelihood from Incomplete Data via the EM Algorithm," Journal of the Royal Statistical Society, ser. B, 39 (1977), 1-38.
17. Disclosure, Inc., "Corporate Information on Public Companies Filing with the SEC, Including Disclosure Spectrum," Bethesda, MD (Dec. 1993).
18. _ A Guide to Database Elements, Bethesda, MD (1994).
19. Dixit, Avinash, "Investment and Hysteresis," Journal of Economic Perspectives 6:1 (1992), 107-132.
20. Dixit, Avinash K., and Robert S. Pindyck, Investment under Uncertainty (Princeton, NJ: Princeton University Press, 1994).
21. Dixon, W. J. (ed.), BMDP Statistical Software Manual, vol. 2 (Berkeley, CA: University of California Press, 1988).
22. Fazzari, Steven M., R. Glenn Hubbard, and Bruce C. Petersen, "Financing Constraints and Corporate Investment" (includes comments), Brookings Papers on Economic Activity, 1 (1988), 141-206.
23. Greene, William H., Econometric Analysis (New York: Macmillan, 1993).
24. Griliches, Zvi, "Economic Data Issues, section 5: Missing Observations and Incomplete Data," in Z. Griliches and M. D. Intriligator (eds.), Handbook of Econometrics, vol. 3 (Amsterdam: Elsevier, 1986), 1485-1495.
25. Hartley, H. O., "Maximum Likelihood Estimation from Incomplete Data," Biometrics 14 (June, 1958), 174-194.
26. Hassett, Kevin A., and Gilbert E. Metcalf, "Energy Conservation Investment," Energy Policy 21:6 (June, 1993), 710-716.
27. Heitjan, Daniel F., and J. Richard Landis, "Assessing Secular Trends in Blood Pressure: A Multiple-Imputation Approach," Journal of the American Statistical Association 89, no. 427 (Sept. 1994), 750-759.
28. Heitjan, Daniel F., and Roderick J. A. Little, "Multiple Imputation for the Fatal Accident Reporting System," Applied Statistics 40:1 (1991), 13-29.
29. Hubbard, R. Glen, and Anil K. Kashyap, "Internal Net Worth and the Investment Process: An Application to U.S. Agriculture," Journal of Political Economy 100, no. 31 (1992), 506-534.
30. Huntington, Hillard, Lee Schipper, and Alan H. Sanstad (eds.), "Markets for Energy Efficiency," Energy Policy (special issue), (Oct. 1994).
31. Jaffe, Adam B., and Robert N. Stavins, "The Energy Paradox and the Diffusion of Conservation Technology," Working Paper (July 14, 1993).
32. Judge, George G., W. E. Griffiths, R. Carter Hill, Helmut Lutkepohl, and Tsoung-Chao Lee, The Theory and Practice of Econometrics, 2nd ed. (New York: Wiley, 1985).
33. Kester, W. Carl, "Today's Options for Tomorrow's Growth," Harvard Business Review 62 (Mar.-Apr. 1984), 153-160.
34. Koomey, Jonathan G., "Energy Efficiency Choices in New Office Buildings: An Investigation of Market Failures and Corrective Policies," Ph.D. Dissertation, Energy and Resources, University of California at Berkeley (1990).
35. Little, Roderick J. A., "Models for Nonresponse in Sample Surveys," Journal of the American Statistical Association 77, no. 378 (June 1982), 237-250.
36. _ "Regression with Missing X's: A Review," Journal of the American Statistical Association 87, no. 420 (Dec. 1992), 1227-1237.
37. _ "Pattern-Mixture Models for Multivariate Incomplete Data," Journal of the American Statistical Association 88, no. 421 (Mar. 1993), 125-134.
38. Little, Roderick J. A., and Donald B. Rubin, Statistical Analysis with Missing Data (New York: Wiley, 1987).
39. Lovins, Amory B., and L. Hunter Lovins, "Least-Cost Climatic Stabilization," Annual Review of Energy and the Environment 16 (1991), 433-531.
40. Maddala, G. S., Limited-Dependent and Qualitative Variables in Econometrics (New York: Cambridge University Press, 1983).
41. Maxwell, John W., Thomas P. Lyon, and Steven C. Hackett, "Self-Regulation and Social Welfare: The Political Economy of Corporate Environmentalism," Working Papers in Economics 96-004, Indiana University School of Business, Bloomington (1995).
42. McKendrick, A. G., "Applications of Mathematics to Medical Problems," Proceedings of the Edinburgh Mathematical Society 44 (1926), 98-130.
43. Meng, Xaio-Li, and Donald B. Rubin, "Using EM to Obtain Asymptotic Variance-Covariance Matrices: The SEM Algorithm," Journal of the American Statistical Association 86, no. 416 (Dec. 1991), 899-909.
44. Pindyck, Robert S., "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature 29, no. 3 (1991), 1110-1148.
45. Rubin, Donald B., "Inference and Missing Data," Biometrika 63 (1976), 581-592.
46. _ Multiple Imputation for Nonresponse in Surveys (New York: Wiley, 1987).
47. Rubin, Donald B., and Nathaniel Schenker, "Multiple Imputation for Interval Estimation from Simple Random Samples with Ignorable Nonresponse," Journal of the American Statistical Association 81, no. 394 (June 1986), 366-374.
48. Ruud, Paul A., "Extensions of Estimation Methods Using the EM Algorithm," Journal of Econometrics 49 (1991), 305-341.
49. Sanstad, Alan H., Carl Blumstein, and Steven E. Stoft, "How High Are Options Values in Energy-Efficiency Investments?" Energy Policy 23, no. 9 (1995), 739-743.
50. Schoenberg, R. J., MISS Reference Manual (Seattle, WA: RJS Software, 1995).
51. Stole, Lars A., and Jeffrey Zwiebel, "Organizational Design and Technology Choice under Intrafirm Bargaining," American Economic Review 86 (Mar. 1996), 195-222.
52. U.S. EPA, "EPA Green Lights Program Snapshot: April 30, 1995," Environmental Protection Agency, Washington, DC (May 16, 1995).
53. Wang, R., J. Sedransk, and J. H. Jinn, "Secondary Data Analysis When There Are Missing Observations," Journal of the American Statistical Association 87, no. 420 (Dec. 1992), 952-961.
54. Winn, Monika, "Corporate Leadership and Policies for the Natural Environment," in J. E. Post, D. Collins, and M. Starick (eds.), Research in Corporate Social Performance and Policy: Sustaining the Natural Environment, Empirical Studies on the Interface between Nature and Organizations (Greenwich, CT: JAI Press, 1994), 127-161.