Electricity Prices and Consumers' Long-Term Technology Choices: Evidence from Heating Investments
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Anderson, Soren T. & Kellogg, Ryan & Sallee, James M., 2013.
"What do consumers believe about future gasoline prices?,"
Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 383-403.
- Soren T. Anderson & Ryan Kellogg & James M. Sallee, 2011. "What Do Consumers Believe About Future Gasoline Prices?," NBER Working Papers 16974, National Bureau of Economic Research, Inc.
- Hunt Allcott & Michael Greenstone, 2012.
"Is There an Energy Efficiency Gap?,"
Journal of Economic Perspectives, American Economic Association, vol. 26(1), pages 3-28, Winter.
- Hunt Allcott & Michael Greenstone, 2012. "Is There an Energy Efficiency Gap?," NBER Working Papers 17766, National Bureau of Economic Research, Inc.
- Allcott, Hunt & Mullainathan, Sendhil & Taubinsky, Dmitry, 2014.
"Energy policy with externalities and internalities,"
Journal of Public Economics, Elsevier, vol. 112(C), pages 72-88.
- Hunt Allcott & Sendhil Mullainathan & Dmitry Taubinsky, 2012. "Energy Policy with Externalities and Internalities," NBER Working Papers 17977, National Bureau of Economic Research, Inc.
- Patrick J. Kehoe & Andrew Atkeson, 1999.
"Models of Energy Use: Putty-Putty versus Putty-Clay,"
American Economic Review, American Economic Association, vol. 89(4), pages 1028-1043, September.
- Andrew Atkeson & Patrick J. Kehoe, 1994. "Models of Energy Use: Putty-Putty versus Putty-Clay," NBER Working Papers 4833, National Bureau of Economic Research, Inc.
- Oskari Harjunen & Matti Liski, 2014. "Not so Myopic Consumers - Evidence on Capitalization of Energy Technologies in a Housing Market," CESifo Working Paper Series 4989, CESifo.
- Blasch, Julia & Filippini, Massimo & Kumar, Nilkanth, 2019.
"Boundedly rational consumers, energy and investment literacy, and the display of information on household appliances,"
Resource and Energy Economics, Elsevier, vol. 56(C), pages 39-58.
- Julia Blasch & Nilkanth Kumar & Massimo Filippini, 2016. "Boundedly rational consumers, energy and investment literacy, and the display of information on household appliances," CER-ETH Economics working paper series 16/249, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Brounen, Dirk & Kok, Nils, 2011. "On the economics of energy labels in the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 166-179, September.
- Verboven, Frank & Grigolon, Laura & Reynaert, Mathias, 2014.
"Consumer valuation of fuel costs and the effectiveness of tax policy: Evidence from the European car market,"
CEPR Discussion Papers
10301, C.E.P.R. Discussion Papers.
- Grigolon, Laura & Reynaert, Mathias & Verboven, Frank, 2017. "Consumer Valuation of Fuel Costs and the Effectiveness of Tax Policy - Evidence from the European Car Market," TSE Working Papers 17-836, Toulouse School of Economics (TSE).
- Hunt Allcott & Nathan Wozny, 2014.
"Gasoline Prices, Fuel Economy, and the Energy Paradox,"
The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 779-795, December.
- Hunt Allcott & Jean-Nathan Wozny, 2010. "Gasoline Prices, Fuel Economy, and the Energy Paradox," Working Papers 1003, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Nathan Wozny & Hunt Allcott, 2011. "Gasoline Prices, Fuel Economy, and the Energy Paradox," 2011 Meeting Papers 222, Society for Economic Dynamics.
- Hunt Allcott & Nathan Wozny, 2012. "Gasoline Prices, Fuel Economy, and the Energy Paradox," NBER Working Papers 18583, National Bureau of Economic Research, Inc.
- Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-362, March.
- Meghan R. Busse & Christopher R. Knittel & Florian Zettelmeyer, 2013. "Are Consumers Myopic? Evidence from New and Used Car Purchases," American Economic Review, American Economic Association, vol. 103(1), pages 220-256, February.
- Bento, Antonio M. & Li, Shanjun & Roth, Kevin, 2012.
"Is there an energy paradox in fuel economy? A note on the role of consumer heterogeneity and sorting bias,"
Economics Letters, Elsevier, vol. 115(1), pages 44-48.
- Bento, Antonio M. & Li, Shanjun & Roth, Kevin, 2010. "Is There an Energy Paradox in Fuel Economy? A Note on the Role of Consumer Heterogeneity and Sorting Bias," RFF Working Paper Series dp-10-56, Resources for the Future.
- Braun, Frauke G., 2010. "Determinants of households' space heating type: A discrete choice analysis for German households," Energy Policy, Elsevier, vol. 38(10), pages 5493-5503, October.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- Brounen, Dirk & Kok, Nils & Quigley, John M., 2013. "Energy literacy, awareness, and conservation behavior of residential households," Energy Economics, Elsevier, vol. 38(C), pages 42-50.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Henningsen, Geraldine & Wiese, Catharina, 2019. "Do Household Characteristics Really Matter? A Meta-Analysis on the Determinants of Households’ Energy-Efficiency Investments," MPRA Paper 101701, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sahari, Anna, 2019. "Electricity prices and consumers’ long-term technology choices: Evidence from heating investments," European Economic Review, Elsevier, vol. 114(C), pages 19-53.
- Sahari, Anna, 2021. "Household heterogeneity in valuation of heating energy costs," Working Papers 141, VATT Institute for Economic Research.
- Sallee, James M. & West, Sarah E. & Fan, Wei, 2016.
"Do consumers recognize the value of fuel economy? Evidence from used car prices and gasoline price fluctuations,"
Journal of Public Economics, Elsevier, vol. 135(C), pages 61-73.
- James M. Sallee & Sarah West & Wei Fan, 2015. "Do Consumers Recognize the Value of Fuel Economy? Evidence from Used Car Prices and Gasoline Price Fluctuations," NBER Working Papers 21441, National Bureau of Economic Research, Inc.
- James M. Sallee, 2014.
"Rational Inattention and Energy Efficiency,"
Journal of Law and Economics, University of Chicago Press, vol. 57(3), pages 781-820.
- James M. Sallee, 2013. "Rational Inattention and Energy Efficiency," NBER Working Papers 19545, National Bureau of Economic Research, Inc.
- Leard, Benjamin, 2018. "Consumer inattention and the demand for vehicle fuel cost savings," Journal of choice modelling, Elsevier, vol. 29(C), pages 1-16.
- Jacobsen, Grant D., 2015. "Do energy prices influence investment in energy efficiency? Evidence from energy star appliances," Journal of Environmental Economics and Management, Elsevier, vol. 74(C), pages 94-106.
- Houde, Sébastien & Myers, Erica, 2021.
"Are consumers attentive to local energy costs? Evidence from the appliance market,"
Journal of Public Economics, Elsevier, vol. 201(C).
- Sebastien Houde & Erica Myers, 2019. "Are Consumers Attentive to Local Energy Costs? Evidence from the Appliance Market," CER-ETH Economics working paper series 19/313, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Sébastien Houde & Erica Myers, 2019. "Are Consumers Attentive to Local Energy Costs? Evidence from the Appliance Market," NBER Working Papers 25591, National Bureau of Economic Research, Inc.
- Cohen, François & Glachant, Matthieu & Söderberg, Magnus, 2017.
"Consumer myopia, imperfect competition and the energy efficiency gap: Evidence from the UK refrigerator market,"
European Economic Review, Elsevier, vol. 93(C), pages 1-23.
- François Cohen & Matthieu Glachant & Magnus Söderberg, 2017. "Consumer myopia, imperfect competition and the energy efficiency gap: Evidence from the UK refrigerator market," Post-Print hal-01693866, HAL.
- Cohen, François & Glachant, Matthieu & Söderberg, Magnus, 2017. "Consumer myopia, imperfect competition and the energy efficiency gap: evidence from the UK refrigerator market," LSE Research Online Documents on Economics 69188, London School of Economics and Political Science, LSE Library.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2017.
"Assessing the Energy-Efficiency Gap,"
Journal of Economic Literature, American Economic Association, vol. 55(4), pages 1486-1525, December.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2015. "Assessing the Energy-Efficiency Gap," NBER Working Papers 20904, National Bureau of Economic Research, Inc.
- Gerarden, Todd D. & Newell, Richard G. & Stavins, Robert N., 2015. "Assessing the Energy-Efficiency Gap," Climate Change and Sustainable Development 202551, Fondazione Eni Enrico Mattei (FEEM).
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins, 2015. "Assessing the Energy-Efficiency Gap," Working Papers 2015.35, Fondazione Eni Enrico Mattei.
- Verboven, Frank & Grigolon, Laura & Reynaert, Mathias, 2014.
"Consumer valuation of fuel costs and the effectiveness of tax policy: Evidence from the European car market,"
CEPR Discussion Papers
10301, C.E.P.R. Discussion Papers.
- Grigolon, Laura & Reynaert, Mathias & Verboven, Frank, 2017. "Consumer Valuation of Fuel Costs and the Effectiveness of Tax Policy - Evidence from the European Car Market," TSE Working Papers 17-836, Toulouse School of Economics (TSE).
- Arakawa, Kiyoshi, 2022. "Assessing consumer valuations of future costs versus purchase prices in Japan's auto market," Economics of Transportation, Elsevier, vol. 30(C).
- Soren T. Anderson & James M. Sallee, 2016. "Designing Policies to Make Cars Greener: A Review of the Literature," NBER Working Papers 22242, National Bureau of Economic Research, Inc.
- Huse, Cristian & Lucinda, Claudio & Cardoso, Andre Ribeiro, 2020. "Consumer response to energy label policies: Evidence from the Brazilian energy label program," Energy Policy, Elsevier, vol. 138(C).
- Carroll, James & Denny, Eleanor & Lyons, Ronan C. & Petrov, Ivan, 2024.
"Better energy cost information changes household property investment decisions: Evidence from a nationwide experiment,"
Energy Economics, Elsevier, vol. 139(C).
- James Carroll & Eleanor Denny & Ronan C. Lyons, 2020. "Better energy cost information changes household property investment decisions: Evidence from a nationwide experiment," Trinity Economics Papers tep1520, Trinity College Dublin, Department of Economics.
- Carroll, James & Denny, Eleanor & Lyons, Ronan C. & Petrov, Ivan, 2024. "Better energy cost information changes household property investment decisions: Evidence from a nationwide experiment," LSE Research Online Documents on Economics 125663, London School of Economics and Political Science, LSE Library.
- Stefan Lamp, 2023.
"Sunspots That Matter: The Effect of Weather on Solar Technology Adoption,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1179-1219, April.
- Lamp, Stefan, 2018. "Sunspots that matter: the effect of weather on solar technology adoption," TSE Working Papers 18-879, Toulouse School of Economics (TSE).
- Andreas Mense, 2018.
"The Value of Energy Efficiency and the Role of Expected Heating Costs,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 671-701, November.
- Andreas Mense, 2016. "The Value of Energy Efficiency and the Role of Expected Heating Costs," ERES eres2016_153, European Real Estate Society (ERES).
- Mense, Andreas, 2017. "The Value of Energy Efficiency and the Role of Expected Heating Costs," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168212, Verein für Socialpolitik / German Economic Association.
- Allcott, Hunt & Mullainathan, Sendhil & Taubinsky, Dmitry, 2014.
"Energy policy with externalities and internalities,"
Journal of Public Economics, Elsevier, vol. 112(C), pages 72-88.
- Hunt Allcott & Sendhil Mullainathan & Dmitry Taubinsky, 2012. "Energy Policy with Externalities and Internalities," NBER Working Papers 17977, National Bureau of Economic Research, Inc.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins & Robert C. Stowe, 2015.
"An Assessment of the Energy-Efficiency Gap and its Implications for Climate-Change Policy,"
NBER Working Papers
20905, National Bureau of Economic Research, Inc.
- Todd D. Gerarden & Richard G. Newell & Robert N. Stavins & Robert C. Stowe, 2015. "An Assessment of the Energy-Efficiency Gap and Its Implications for Climate Change Policy," Working Papers 2015.28, Fondazione Eni Enrico Mattei.
- Gerarden, Todd G. & Newell, Richard G. & Stavins, Robert & Stowe, Robert C., 2015. "An Assessment of the Energy-Efficiency Gap and Its Implications for Climate-Chhange Policy," Working Paper Series rwp15-005, Harvard University, John F. Kennedy School of Government.
- Gerarden, Todd D. & Newell, Richard G. & Stavins, Robert N. & Stowe, Robert C., 2015. "An Assessment of the Energy-Efficiency Gap and Its Implications for Climate Change Policy," Climate Change and Sustainable Development 202116, Fondazione Eni Enrico Mattei (FEEM).
- Tsvetan Tsvetanov & Kathleen Segerson, 2014. "The Welfare Effects of Energy Efficiency Standards When Choice Sets Matter," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 233-271.
- Zirogiannis, Nikolaos & Duncan, Denvil & Carley, Sanya & Siddiki, Saba & Graham, John D., 2019. "The effect of CAFE standards on vehicle sales projections: A Total Cost of Ownership approach," Transport Policy, Elsevier, vol. 75(C), pages 70-87.
More about this item
Keywords
elasticity; electricity; discrete choice; consumer behavior; Environment; energy and climate policy; D12; D83; Q41; R22;All these keywords.
JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
- R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2018-03-26 (Energy Economics)
- NEP-REG-2018-03-26 (Regulation)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fer:wpaper:95. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Niskanen (email available below). General contact details of provider: https://edirc.repec.org/data/vatttfi.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.