Showing 1 - 10 of 50
moral suasion and dynamic pricing that stimulate energy conservation during peak demand hours. Using household …
Persistent link: https://www.econbiz.de/10011159888
Technological innovations in horizontal drilling and hydraulic fracturing have enabled tremendous amounts of natural gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper, we provide the first estimates of broad-scale welfare...
Persistent link: https://www.econbiz.de/10011266638
Information provision is a key element of government energy-efficiency policy, but the information that is provided is … energy cost information based on average national usage and energy prices. We conduct an online randomized controlled trial … significantly better choices. Consumers invest about the same amount overall in energy-efficiency, but the allocation is much better …
Persistent link: https://www.econbiz.de/10011085478
We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private … distortions from underinvestment in energy efficiency. Discrete choice simulations of the auto market suggest that the Internality … consumers marginal to each instrument. Because consumers who undervalue energy costs are mechanically less responsive to energy …
Persistent link: https://www.econbiz.de/10011227933
We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed … intertemporal behavior (i.e., discounting) in guiding energy efficiency behavior. We find that simple information on the economic … value of saving energy was the most important element guiding more cost-efficient investments in energy efficiency, with …
Persistent link: https://www.econbiz.de/10011119792
This article provides an overview of the use of field experiments in energy and resource economics. I concentrate on … and water and (ii) explore the adoption of energy saving technologies. Viewed in its totality, this work suggests that … influence the use of energy and water. For academics, the studies reviewed provide a deeper understanding of individual behavior …
Persistent link: https://www.econbiz.de/10011123632
We estimate the effects of electricity shortages on Indian manufacturers, instrumenting with supply shifts from hydroelectric power availability and power plant construction. We estimate that India’s average reported level of shortages reduces the average plant’s revenues and producer...
Persistent link: https://www.econbiz.de/10011186513
Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...
Persistent link: https://www.econbiz.de/10011189084
We examine the role of individual discount rates in energy efficiency decisions using evidence from an extensive survey … of U.S. homeowners to elicit preferences for energy efficiency and cash flows over time. We find considerable … invest in energy efficiency, as measured through product choices, required payback periods, and energy efficiency tax credit …
Persistent link: https://www.econbiz.de/10011189097
between automobiles, or equivalently that they have high "implied discount rates" for these future energy costs. We show how …
Persistent link: https://www.econbiz.de/10010821723