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decrease in electricity consumption and a 6-percent decrease in natural-gas consumption. The pattern of savings is consistent …
Persistent link: https://www.econbiz.de/10012462454
The history of Daylight Saving Time (DST) has been long and controversial. Throughout its implementation during World Wars I and II, the oil embargo of the 1970s, consistent practice today, and recent extensions, the primary rationale for DST has always been to promote energy conservation....
Persistent link: https://www.econbiz.de/10012464218
Economic policies often involve dynamic interventions, where individuals receive repeated interventions over multiple periods. This dynamics makes past responses informative to predict future responses and ultimate outcomes depend on the history of interventions. Despite these phenomena,...
Persistent link: https://www.econbiz.de/10014576590
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers acquire information suboptimally; there is little...
Persistent link: https://www.econbiz.de/10014372499
-hour rises as a household consumes more electricity per month. More recently, in California, opponents of a proposal to lower …
Persistent link: https://www.econbiz.de/10014468223
spillovers account for 40% of the output loss of regulated firms and substantially reduce aggregate energy savings. Using a … of the regulation by more than 40% and increase aggregate energy savings by 10% …
Persistent link: https://www.econbiz.de/10012599356
"Nudges" are being widely promoted to encourage energy conservation. We show that the popular electricity conservation "nudge" of providing feedback to households on own and peers' home electricity usage in a home electricity report is two to four times more effective with political liberals...
Persistent link: https://www.econbiz.de/10012462713
By providing feedback to customers on home electricity and natural gas usage with a focus on peer comparisons, utilities can reduce energy consumption at a low cost. We analyze data from two large-scale, random-assignment field experiments conducted by utility companies providing electricity...
Persistent link: https://www.econbiz.de/10012463264
"Nudge"-style interventions are often deemed "successful" if they cause large behavior change, but they are rarely subjected to full social welfare evaluations. We combine a field experiment with a simple theoretical framework to evaluate the welfare effects of one especially policy-relevant...
Persistent link: https://www.econbiz.de/10012456998
moral suasion and dynamic pricing that stimulate energy conservation during peak demand hours. Using household …
Persistent link: https://www.econbiz.de/10012457756