Imperfect information is widely acknowledged to hamper the adoption of energy efficient technologies. In this paper, we study supply-side implications of the associated incentive structure. We build on existing evidence suggesting that energy efficiency owns a credence component, whereby the...

Imperfect information is widely acknowledged to hamper the adoption of energy efficient technologies. In this paper, we study supply-side implications of the associated incentive structure. We build on existing evidence suggesting that energy efficiency owns a credence component, whereby the...

This paper studies how subsidies for solar systems can lead to second-degree moral hazard - the impulse of installers to increase prices and/or reduce labor input when customers receive subsidies. Employing an instrumental variable strategy using plausibly exogenous variation in the size of...

This paper studies how subsidies for photovoltaic solar systems can lead to second-degree moral hazard - the impulse of installers to increase factors determining the total subsidies and/or transaction when consumers receive larger subsidy levels. Employing an instrumental variable strategy...