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Quality Disclosure and Certification : Theory and Practice
Dranove, David - 2010
This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address three key theoretical issues: (i) Why don't sellers...
Persistent link: https://www.econbiz.de/10013148872
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The Economics of Residential Solid Waste Management
Kinnaman, Thomas C.; Fullerton, Don - 2021
This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …
Persistent link: https://www.econbiz.de/10013220080
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Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing
Kinnaman, Thomas C.; Fullerton, Don - 2021
This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts … policies and the levels of garbage and recycling collected in the community. A simple sequential model of local policymaking is … cross-section of towns without user fees but with and without curbside recycling programs. The combined data set is larger …
Persistent link: https://www.econbiz.de/10013223573
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How a Fee Per-Unit Garbage Affects Aggregate Recycling in a Model with Heterogeneous Households
Kinnaman, Thomas C.; Fullerton, Don - 2021
This paper develops a utility maximizing model of household choice among garbage disposal, recycling, and littering … recycling. The model explains (1) why some households participate in curbside recycling programs even in the absence of a user …-wide quantities of garbage, recycling, and litter. We show how an increase in the user fee can decrease aggregate recycling …
Persistent link: https://www.econbiz.de/10013226075
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Policies for Green Design
Fullerton, Don; Wu, Wenbo - 2022
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10013324059
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How Consumers Respond to Environmental Certification and the Value of Energy Information
Houde, Sébastien - 2014
The ENERGY STAR certification is a voluntary labeling that favors the adoption of energy efficient products. In the US appliance market, the label is a coarse summary of otherwise readily accessible information. Using micro-data of the US refrigerator market, I develop a structural demand model...
Persistent link: https://www.econbiz.de/10013055850
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Does Better Information Lead to Better Choices? Evidence from Energy-Efficiency Labels
Davis, Lucas W. - 2014
Information provision is a key element of government energy-efficiency policy, but the information that is provided is often too coarse to allow consumers to make efficient decisions. An important example is the ubiquitous yellow “EnergyGuide” label, which is required by law to be displayed...
Persistent link: https://www.econbiz.de/10013043272
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Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - 2021
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10013222646
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Nudging Energy Efficiency Behavior : The Role of Information Labels
Newell, Richard G. - 2014
We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed choice experiment with alternative labels, we disentangle the relative importance of different types of information and intertemporal behavior (i.e., discounting) in guiding...
Persistent link: https://www.econbiz.de/10013063509
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Are Consumers Poorly Informed About Fuel Economy? Evidence from Two Experiments
Allcott, Hunt - 2017
It is often asserted that consumers are poorly informed about and inattentive to fuel economy, causing them to buy low-fuel economy vehicles despite their own best interest. This paper presents evidence on this assertion through two experiments providing fuel economy information to new vehicle...
Persistent link: https://www.econbiz.de/10012964896