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Default Effects and Follow-On Behavior: Evidence from an Electricity Pricing Program

Meredith Fowlie, Catherine Wolfram, C. Anna Spurlock, Annika Todd, Patrick Baylis, Peter Cappers

NBER Working Paper No. 23553
Issued in June 2017

---- Acknowledgments ----

We received many helpful comments from seminar participants at Arizona State University, Cornell, Toulouse School of Economics, UC Berkeley and University of Oxford. The authors gratefully acknowledge contributions from and discussions with Hunt Allcott, Stefano Dellavigna, Steven George, Nick Kuminoff, Brigitte Madrian, Jennifer Potter, Lupe Strickland, Michael Sullivan and Nate Toyama. We also thank Severin Borenstein, Lucas Davis, and Michael Greenstone for helping to make this project possible through their initial involvement with the Smart Grid Investment Grant program. This material is based upon work supported by the Office of Electricity Delivery and Energy Reliability, of the U.S. Department of Energy under Contract No. DE-AC02-05CH11231. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof, nor of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for C. Anna Spurlock ----

The work described in this report was funded by the Office of Electricity Delivery and Energy Reliability, of the U.S. Department of Energy under Contract No. DE-AC02-05CH11231.

---- Disclosure of Financial Relationships for Annika Todd ----

The work described in this report was funded by the Office of Electricity Delivery and Energy Reliability, of the U.S. Department of Energy under Contract No. DE-AC02-05CH11231.

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