The German government is committed to reducing the primary energy demand of buildings by 80% by 2050. This requires increasing the rate of thermal retrofits from the current 0.8% to 2.0% per year. To explore how new and existing policies and programs could deliver the increased retrofit rate,...

We explore situations in which a decision-maker bears responsibility for somebody else's outcomes as well as for her own. For gains we confirm the intuition that being responsible for somebody else's payoffs increases risk aversion, while in the loss domain we find increased risk seeking. In a...

Die Bundesregierung hat beschlossen, den Primärenergiebedarf von Gebäuden bis 2050 um 80 % zu senken. Dazu muss die energetische Sanierungsrate von derzeit 0,8 % auf 2,0 % pro Jahr gesteigert werden. Um festzustellen, wie durch neue und bestehende Politikinstrumente diese Steigerung der...

Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental investigations. This may however raise an issue of sequentiality of effects as later choices may be influenced by earlier ones. This paper reports instead between-subject results on the...