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Will Mandatory Conservation Promote Energy Efficiency in the Selection of Household Appliance Stocks?

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  • Jeffrey A. Dubin

Abstract

This paper estimates a nested logit model for space heat and water heat choice using data from the National Interim Energy Consumption Survey (NIECS) by the Department of Energy in 1978. (See Dubin, 1983) for references to the data set and a detailed discussion of procedures used to prepare the data for economic analysis.) The use of micro-level disaggregated survey data to estimate discrete choice models of heating, ventilating, and air-conditioning (HVAC) systems has been very recent, but one can find a few related models in Dubin and McFadden (1984), Brownstone (1980), Goett (1979), Hausman (1979), and McFadden, Puig, and Kirschner (1977). One of the virtues of the structure developed here is that it has been embedded successfully in a larger micro-simulation system (the Residential End-Use Energy Policy System (REEPS)) for purposes of policy forecasting (Goett [1979]).

Suggested Citation

  • Jeffrey A. Dubin, 1986. "Will Mandatory Conservation Promote Energy Efficiency in the Selection of Household Appliance Stocks?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 99-118.
    • Handle: RePEc:aen:journl:1986v07-01-a07
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    Cited by:

    1. Robert Bartels & Denzil Fiebig & Arthur Soest, 2006. "Consumers and experts: an econometric analysis of the demand for water heaters," Empirical Economics, Springer, vol. 31(2), pages 369-391, June.
    2. MATSUMOTO Shigeru & OMATA Yukiko, 2015. "Consumer Valuations of Energy Efficiency Investments: The case of Vietnam's air conditioner market," Discussion papers 15063, Research Institute of Economy, Trade and Industry (RIETI).
    3. Bartels, R & Fiebig, D.G & McCabe, A, 2004. "The value of using stated preference methods: a case study in modelling water heater choices," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(3), pages 487-495.
    4. Robert W. Crandall, 1992. "Policy Watch: Corporate Average Fuel Economy Standards," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 171-180, Spring.
    5. Mitsutsugu Hamamoto, 2023. "Estimating consumers’ discount rates in energy-saving investment decisions: a comparison of revealed and stated approaches," SN Business & Economics, Springer, vol. 3(7), pages 1-19, July.
    6. Shigeru Matsumoto, 2018. "Consumer valuation of energy-saving features of residential air conditioners with hedonic and choice models," Empirical Economics, Springer, vol. 55(4), pages 1779-1806, December.

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    JEL classification:

    • F0 - International Economics - - General

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