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We propose an instrument to measure individuals' social preferences regarding equity and efficiency behind a veil of ignorance. We pair portfolio and wealth distribution choice problems which have a common budget set. For a given bundle, the distribution over an individual's wealth is the same...
Persistent link: https://www.econbiz.de/10011932358
Many studies document failures of expected utility's key assumption, the independence axiom. Here, we show that independence can be decomposed into two distinct axioms - betweenness and homotheticity - and that these two axioms are necessary and sufficient for independence. Thus, independence...
Persistent link: https://www.econbiz.de/10011282512
The aim of this paper is to quantify the relative importance of motivations based on warm-glow, social and moral norms and cost of time used recycling on household recycling efforts. We also test for crowding-out of intrinsic motivations when recycling is perceived as mandatory. We find that the...
Persistent link: https://www.econbiz.de/10011968159
Energy efficiency improvements in low income housing are increasingly used as a policy instrument to alleviate poverty. Our paper shows that this may come at the expense of reduced environmental benefits. We follow 125,000 Dutch low-income households during eight years and exploit a...
Persistent link: https://www.econbiz.de/10014469369
The European Union has decided to replace its current A+++ to D labelling scheme for cold appliances with a rescaled A …
Persistent link: https://www.econbiz.de/10012294279
an appliance and may therefore lead to the purchase of less energy-efficient appliances. Employing a demo … adoption of energy-efficient appliances (refrigerators or fridge-freezer combinations, freezers, dishwashers, and washing … machines). The findings suggest that the take-up of energy-efficient appliances is on average about 8%-points lower when …
Persistent link: https://www.econbiz.de/10012152456
retrofit disruption, finding it represents a substantial proportion of associated energy cost savings among some households … experience of many households investing in energy retrofits but also of government retrofit schemes falling far short of policy … targets. Just 1-in-4 households are actively receptive to retrofit policy supports, and disruption posing a significant …
Persistent link: https://www.econbiz.de/10014540416
With the improvement of people's living standards all over the world, the demand for cooling (both space cooling and refrigeration) continues to grow. The increase in cooling-related energy consumption has a growing impact on global climate change. The importance of improving the energy...
Persistent link: https://www.econbiz.de/10014540507
This study investigates whether the willingness to take income risks revealed by occupational choice is transmitted from parents to their children. Using data from the German Socio-Economic Panel (SOEP), we find that fathers' riskiness of job is a significant determinant of children's...
Persistent link: https://www.econbiz.de/10010307908
This study investigates whether the willingness to take income risks revealed by occupational choice is transmitted from parents to their children. Using data from the German Socio-Economic Panel (SOEP), we find that fathers' riskiness of job is a significant determinant of children's...
Persistent link: https://www.econbiz.de/10011601054