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The Short-Run and Long-Run Effects of Behavioral Interventions: Experimental Evidence from Energy Conservation

Allcott, Hunt; Rogers, Todd - In: American Economic Review 104 (2014) 10, pp. 3003-37

We document three remarkable features of the Opower program, in which social comparison-based home energy reports are repeatedly mailed to more than six million households nationwide. First, initial reports cause high-frequency "action and backsliding," but these cycles attenuate over time....

Persistent link: https://www.econbiz.de/10010949117

Knowledge Is (Less) Power: Experimental Evidence from Residential Energy Use

Jessoe, Katrina; Rapson, David - In: American Economic Review 104 (2014) 4, pp. 1417-38

Imperfect information about product attributes inhibits efficiency in many choice settings, but can be overcome by … providing simple, lowcost information. We use a randomized control trial to test the effect of high-frequency information about … greenhouse gas abatement. Survey evidence suggests that information facilitates learning. …

Persistent link: https://www.econbiz.de/10010815758

Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing

Ito, Koichiro - In: American Economic Review 104 (2014) 2, pp. 537-63

Nonlinear pricing and taxation complicate economic decisions by creating multiple marginal prices for the same good. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price variation at spatial discontinuities in electricity service...

Persistent link: https://www.econbiz.de/10010736785

Investigating Income Effects in Scanner Data: Do Gasoline Prices Affect Grocery Purchases?

Gicheva, Dora; Hastings, Justine; Villas-Boas, Sofia - In: American Economic Review 100 (2010) 2, pp. 480-84

Persistent link: https://www.econbiz.de/10008584457

Evolutionary Origins of the Endowment Effect: Evidence from Hunter-Gatherers

Apicella, Coren L.; Azevedo, Eduardo M.; Christakis, … - In: American Economic Review 104 (2014) 6, pp. 1793-1805

The endowment effect, the tendency to value possessions more than non-possessions, is a well known departure from rational choice and has been replicated in numerous settings. We investigate the universality of the endowment effect, its evolutionary significance, and its dependence on...

Persistent link: https://www.econbiz.de/10010815653

Salience and Taxation: Theory and Evidence

Chetty, Raj; Looney, Adam; Kroft, Kory - In: American Economic Review 99 (2009) 4, pp. 1145-77

Using two strategies, we show that consumers underreact to taxes that are not salient. First, using a field experiment in a grocery store, we find that posting tax-inclusive price tags reduces demand by 8 percent. Second, increases in taxes included in posted prices reduce alcohol consumption...

Persistent link: https://www.econbiz.de/10008574560

Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market

Kilian, Lutz - In: American Economic Review 99 (2009) 3, pp. 1053-69

Shocks to the real price of oil may reflect oil supply shocks, shocks to the global demand for all industrial commodities, or demand shocks that are specific to the crude oil market. Each shock has different effects on the real price of oil and on US macroeconomic aggregates. Changes in the...

Persistent link: https://www.econbiz.de/10005014645

The Costs and Consequences of Clean Air Act Regulation of CO2 from Power Plants

Burtraw, Dallas; Linn, Josh; Palmer, Karen; Paul, Anthony - In: American Economic Review 104 (2014) 5, pp. 557-62

US climate policy is unfolding under the Clean Air Act. Mobile source and construction permitting regulations are in place. Most important, EPA and the states will determine the form and stringency of the regulations for power plants. Various approaches would create an implicit price on emitting...

Persistent link: https://www.econbiz.de/10010815721

Models of Energy Use: Putty-Putty versus Putty-Clay

Kehoe, Patrick J.; Atkeson, Andrew - In: American Economic Review 89 (1999) 4, pp. 1028-1043

Persistent link: https://www.econbiz.de/10005820543

Powering Up China: Income Distributions and Residential Electricity Consumption

Auffhammer, Maximilian; Wolfram, Catherine D. - In: American Economic Review 104 (2014) 5, pp. 575-80

Current forecasts suggest that the vast majority of growth in energy demand will come from the developing world, and that China will play a major part in that growth. This paper presents evidence suggesting that the shape of the income distribution, which is typically omitted from forecasting...

Persistent link: https://www.econbiz.de/10010773956

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