a.

What was the main data used in Anderson and Newell's paper "Information Programs forTechnology

Adoption: The Case of Energy-Efficiency Audits"?

b.

Interpret the first six coefficients (payback period, project cost, and annual savings, and their associated squared values) in the table below. What does this tell us about how the expected financial costs and savings from efficiency upgrades affect the probability of the recommended upgrade being adopted?

Table 3 Fixed effect logit estimates of project adoption Payback model Cost-benefit model In(payback = savings/cost) -0.083** (0.005) In(payback = savings/cost)? -0.009* (0.002) In(project cost) -0.087** (0.005) In(project cost)- -0.005** (0.001) In(annual savings) 0.061** (0.006) In(annual savings) 0.000 (0.002) Motor systems 0.092** (0.008) 0.090** (0.008) Thermal systems -0.167** (0.011) -0.165* (0.011) Combustion systems 0.002 (0.016) -0.002 (0.016) Operations -0.094** (0.019) 0.095** (0.019) Electrical power -0.273** (0.060) -0.253** (0.061) Industrial design -0.214* (0.060) 0.198* (0.061) Ancillary costs -0.038 (0.211) -0.048 (0.213)