Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables: Comment

In an earlier article in this Journal, Hausman estimated the implicit discount rate used by air conditioner buyers in the tradeoff between initial cost and energy usage. Similar estimates for refrigerators yield discount rates from 45 percent to 300 percent. This raises questions about consumer and producer behavior and weakens certain criticisms of efficiency standards.

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Year of publication:	1980
Authors:	Gately, Dermot
Published in:	Bell Journal of Economics. - The RAND Corporation, ISSN 0361-915X. - Vol. 11.1980, 1, p. 373-374
Publisher:	The RAND Corporation

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005353620