Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...

Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...

New energy efficient lighting technologies have the potential to significantly reduce household electricity consumption. But adoption of many technologies has been slow. This paper employs a unique dataset of German households to examine the factors associated with the replacement of old...