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Behavioral anomalies and energy-related individual choices: The role of status-quo bias

Blasch, Julia; Daminato, Claudio - 2018

The literature on the energy-efficiency gap discusses the status-quo bias as a behavioral anomaly that potentially … the extent to which the presence of a bias towards the status quo is linked to residential electricity consumption through … from a large household survey conducted in three European countries, we find that our measure of status-quo bias is a …

Persistent link: https://www.econbiz.de/10011985382

Behavioral Anomalies and Energy-Related Individual Choices : The Role of Status-Quo Bias

Blasch, Julia; Daminato, Claudio - 2018

The literature on the energy-efficiency gap discusses the status-quo bias as a behavioral anomaly that potentially … increases a household’s energy consumption. We empirically investigate the extent to which the status-quo bias is linked to … from a large household survey conducted in three European countries, we find that our measure of status-quo bias is a …

Persistent link: https://www.econbiz.de/10014109838

Behavioral Anomalies and Energy-Related Individual Choices : The Role of Status-Quo Bias

Blasch, Julia; Daminato, Claudio - 2018

Persistent link: https://www.econbiz.de/10014110522

The narrative of the energy efficiency gap

Houde, Sébastien; Wekhof, Tobias - 2021

For more than forty years analysts have pointed out that society might be too slow in adopting energy efficiency technologies, a phenomenon known as the Energy Efficiency Gap. There are persistent market barriers that impede these efforts. Eliciting these barriers and their heterogeneity is key...

Persistent link: https://www.econbiz.de/10012605561

Determinants of financial literacy and behavioral bias among adolescents

Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023

Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...

Persistent link: https://www.econbiz.de/10013483340

Rational Habits in Residential Electricity Demand

Filippini, Massimo - 2016

Dynamic partial adjustment models of residential electricity demand account for the fact that households may not adjust electricity consumption immediately in response to changes in prices, income, and other relevant factors, because of behavioral habits or adjustment costs for the capital stock...

Persistent link: https://www.econbiz.de/10013001736

Are consumers attentive to local energy costs? : evidence from the appliance market

Houde, Sébastien; Myers, Erica - 2019

We estimate whether consumers respond to local energy costs when purchasing appliances. Using a dataset from an appliance retailer, we compare demand responsiveness to a measure of energy costs that varies with local energy prices versus purchase prices. We strongly reject that consumers are...

Persistent link: https://www.econbiz.de/10011975582

Understanding the human dimensions of the intention to use renewable energy in Hungary applying an extended model of theory of planned behaviour

Nagy, Szabolcs; Molnár, László; Hajdú, Noémi - In: Amfiteatru economic : an economic and business research … 25 (2023) 64, pp. 830-847

The past year has brought drastic changes to the European energy market. With recent dramatic increases in energy prices, it is of the utmost importance that residential users significantly increase their use of renewable energy. The aim of our study is to understand the complex psychological...

Persistent link: https://www.econbiz.de/10014464352

Nudging Energy Efficiency Behavior : The Role of Information Labels

Newell, Richard G.; Siikamäki, Juha - 2013

We evaluate the effectiveness of energy efficiency labeling in guiding household appliance choice decisions. Using a carefully designed choice experiment with several alternative labeling treatments, we disentangle the relative importance of different types of information and intertemporal...

Persistent link: https://www.econbiz.de/10014155813

Heterogeneous (mis-) perceptions of energy costs : implications for measurement and policy design

Houde, Sébastien; Myers, Erica - 2019

Quantifying heterogeneity in consumers' misperceptions of product costs is crucial for policy design. We illustrate this point in the energy context and the design of Pigouvian policies. We estimate non-parametric distributions of perceptions of energy costs in the U.S. appliance market using a...

Persistent link: https://www.econbiz.de/10011975591