uptake of renewable heating systems, we use unique data on a federal government subsidy scheme and exploit geographic …

new technology. This implies that an upfront investment subsidy program would have promoted the technology at a much lower … than through upfront investment subsidies. We develop and estimate a tractable dynamic model of technology adoption, also … budgetary cost, so that the government essentially shifted the subsidy burden to future generations of electricity consumers …

this work is to evaluate the nature and extent of such gains. We use information on the ''Nuova Sabatini'' subsidy - an …