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he Bottom Line

This example satisfies the necessary conditions:

  • No hidden costs­the efficient devices deliver exactly equivalent service (and longer lifetimes).

 

  • Parameter specification is based on the latest market and survey data.

 

  • Correct accounting for time lags ­ our review of historical market shares provides strong evidence that state standards were the sole driving force behind changes in market shares.

We therefore conclude that market imperfections inhibited the adoption of efficient magnetic ballasts.

 Last Updated On: 8/19/04