We investigate whether risk, time, environmental, and social preferences affect single family homeowners' investments in energy efficient renovations and energy quality of their house using established experimental measures and questionnaires. We find that homeowners who report to be more risk...

This paper reports on the results of an experiment testing whether the agents self-select between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents....