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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,...
Persistent link: https://www.econbiz.de/10011074871
This paper uses a random utility model with a non-linear utility function to estimate the consumers’ valuation for energy efficient insulation and ventilation systems in apartment buildings. The proposed model is applied to data from a choice experiment conducted among 264 apartment tenants in...
Persistent link: https://www.econbiz.de/10008495874
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/10004980761
Subsidies to promote the purchase of energy-efficient household appliances have been extensively used in many countries … effective way of promoting efficient appliances. The authors propose a sophisticated methodology for designing optimal … efficient appliances, etc. …
Persistent link: https://www.econbiz.de/10010941647
In this paper we estimate the increase in the market share of ENERGY STAR-qualified appliances that can be attributed …
Persistent link: https://www.econbiz.de/10009366405
electrical appliances, (2) analyse the differences between consumer profiles regarding these and (3) understand the factors …
Persistent link: https://www.econbiz.de/10010572855
This paper estimates the economic value that consumers place on energy efficiency (EE) labels for appliances in the … elasticities of demand for both EE appliances and others. These elasticities are useful for improving the design of policies to … promote EE. The paper looks at three different appliances marketed in Spain during 2012: washing machines, fridges and …
Persistent link: https://www.econbiz.de/10011152533
We estimate the impact of utility cash rebates on the market share of ENERGY STAR appliances by exploiting the …
Persistent link: https://www.econbiz.de/10011076696
appliances. However, more research is required into the effects of this tool in isolation. A case in point is the so … taken into account. Such a policy may also encourage the large-scale purchasing of energy-efficient appliances, which may … Spanish “Renove” plan with rebates on the dishwasher market for energy efficient appliances generates some welfare losses, a …
Persistent link: https://www.econbiz.de/10011039599
. According to the International Energy Agency the continuing demand for new large and small appliances, often with new … functionality, is resulting in rapidly increasing electricity consumption in both the residential and service sectors. Appliances … contribution to the residential electricity use is increasing. Also, appliances types are changing in our homes. This paper aims to …
Persistent link: https://www.econbiz.de/10010785154