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We revisit optimal investment in energy-efficiency, presenting a decision framework built around the agent's wealth and wealth dynamic. An investment rule in the form of a trigger is derived such that the agent invests the first time the energy-carrier price crosses this threshold from below....
Persistent link: https://www.econbiz.de/10013457313
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 …. Other characteristics that impact the WTP are household debt, family type and size, current dwelling status and previous …
Persistent link: https://www.econbiz.de/10013237416
savings. We further point out that policies aimed at reducing household energy consumption should always take demand …
Persistent link: https://www.econbiz.de/10012285419
Space heating and hot water expenditures make up the majority of household energy demand in Germany, at 83.2%, making … them an attractive target for energy policies. Using a panel dataset derived from yearly residential household surveys …
Persistent link: https://www.econbiz.de/10011572152
of individual appliances to household electricity consumption. Moving beyond the standard focus of estimating mean … contribution of each appliance to the distribution of household electricity consumption. While reflecting correlations, rather than …
Persistent link: https://www.econbiz.de/10011764517
Survey from 1981 to 1993, we link the timing of these reforms with evidence of a credit expansion and household responses on …
Persistent link: https://www.econbiz.de/10012296580
We estimate direct and indirect energy rebound effects for a wide variety of goods and services in Germany. To this end, we employ a linearized approximation of the popular Almost Ideal Demand System (LAIDS) approach suggested by Deaton and Muellbauer (1980). Excluding measures of energy...
Persistent link: https://www.econbiz.de/10012900299
We use a panel of UK households to analyse the impact that various individual, household and dwelling characteristics … have on energy expenditures and whether changes in household socio-economic circumstances translate in changes in energy … characteristics and especially household size have much larger impacts in magnitude. Similarly, the largest changes in energy …
Persistent link: https://www.econbiz.de/10010356698
We apply a quadratic expenditure system to estimate price and expenditure elasticities of residential energy demand (electricity and heating) in Germany. Using official expenditure data from 1993 to 2008, we estimate an expenditure elasticity for electricity of 0.3988 and of 0.4055 for space...
Persistent link: https://www.econbiz.de/10011503007
households depends on the demand elasticities for different energy types in different income groups. To shed light on household … data is from household budget surveys for 2001-2008. The results indicate that due to inelastic demand for energy by …
Persistent link: https://www.econbiz.de/10013075219