This paper studies consumer heterogeneity in the valuation of lifetime heating energy costs. The valuation is expressed … as the willingness to pay higher upfront costs to obtain savings over the lifetime of the heating system. The analysis … data allow estimating the WTP as a function of several observable household characteristics. The median WTP in the …

Household collective models celebrate their thirtieth birthday. The collective approach constitutes, perhaps, the … to some excellent surveys of household collective models (Strauss et al., 2000; Vermeulen, 2002; Donni and Chiappori … papers, the collective framework has been used to provide theoretical results for a number of household issues; for example …