| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19224 |
| 来源ID | Working Paper 19224 |
| Nudging Energy Efficiency Behavior: The Role of Information Labels | |
| Richard G. Newell; Juha V. Siikamäki | |
| 发表日期 | 2013-07-11 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We evaluate the effectiveness of energy efficiency labeling in guiding household decisions. Using a carefully designed choice experiment with alternative labels, we disentangle the relative importance of different types of information and intertemporal behavior (i.e., discounting) in guiding energy efficiency behavior. We find that simple information on the economic value of saving energy was the most important element guiding more cost-efficient investments in energy efficiency, with information on physical energy use and carbon emissions having additional but lesser importance. The degree to which the current EnergyGuide label guided cost-efficient decisions depends importantly on the discount rate assumed. Using individual discount rates separately elicited in our study, we find that the current EnergyGuide label came very close to guiding cost-efficient decisions, on average. However, using a uniform five percent discount rate--which was much lower than the average elicited rate--the EnergyGuide label led to choices that result in a one-third undervaluation of energy efficiency. We find that labels that also endorsed a model (with Energy Star) or gave a suggestive grade to a model (EU-style label), encouraged substantially higher energy efficiency. Our results reinforce the centrality of views on intertemporal choice and discounting, both in terms of understanding individual behavior and in guiding policy. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Households and Firms ; Economics of Information ; Behavioral Economics ; Public Economics ; Public Goods ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w19224 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576897 |
| 推荐引用方式 GB/T 7714 | Richard G. Newell,Juha V. Siikamäki. Nudging Energy Efficiency Behavior: The Role of Information Labels. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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