Bento, Antonio M.; Li, Shanjun; Roth, Kevin - In: Economics Letters 115 (2012) 1, pp. 44-48
From the previous literature, it can be found that consumers tend to undervalue discounted future energy costs in their purchase decisions for energy-using durables. We show that this finding could, in part, result from ignoring consumer heterogeneity in empirical analyses as opposed to true...