Showing 1 - 10 of 309
Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...
Persistent link: https://www.econbiz.de/10010884914
This review paper provides an overview of the application of behavioral public economics to energy efficiency. I document policymakers' arguments for "paternalistic" energy efficiency policies, formalize with a simple model of misoptimizing consumers, review and critique empirical evidence, and...
Persistent link: https://www.econbiz.de/10010885303
variation at spatial discontinuities in electricity service areas, where households in the same city experience substantially … different nonlinear pricing. Using household-level panel data from administrative records, I find strong evidence that consumers …
Persistent link: https://www.econbiz.de/10010951392
) and energy efficiency (EE) investments. We specify a model that relates electricity demand to previous EE DSM spending … expenditures reduce electricity demand and that this effect persists for a number of years. Our findings suggest that ratepayer … funded DSM expenditures between 1992 and 2006 produced a central estimate of 0.9 percent savings in electricity consumption …
Persistent link: https://www.econbiz.de/10009353475
asymmetric subsidy incentives by using a regression discontinuity design in California's electricity rebate program that provided … create asymmetric incentives because increases in externalities remain unpriced. This paper examines implications of such … a financial reward for energy conservation. Using household-level panel data from administrative records, I find …
Persistent link: https://www.econbiz.de/10010696638
"Site selection bias" can occur when the probability that a program is adopted or evaluated is correlated with its impacts. I test for site selection bias in the context of the Opower energy conservation programs, using 111 randomized control trials involving 8.6 million households across the...
Persistent link: https://www.econbiz.de/10010951036
Firms and governments often use moral suasion and economic incentives to influence intrinsic and extrinsic motivations … moral suasion and dynamic pricing that stimulate energy conservation during peak demand hours. Using household … quickly after repeated interventions. Economic incentives produced larger and persistent effects, which induced habit …
Persistent link: https://www.econbiz.de/10011159888
We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed …
Persistent link: https://www.econbiz.de/10011119792
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/10011085478
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the …-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand … elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The …
Persistent link: https://www.econbiz.de/10011271447