| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20019 |
| 来源ID | Working Paper 20019 |
| How Consumers Respond to Environmental Certification and the Value of Energy Information | |
| Sébastien Houde | |
| 发表日期 | 2014-03-31 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The ENERGY STAR certification is a voluntary labeling that favors the adoption of energy efficient products. In the US appliance market, the label is a coarse summary of otherwise readily accessible information. Using micro-data of the US refrigerator market, I develop a structural demand model and find that consumers respond to certification in different ways. Some consumers have a large willingness to pay for the label, well beyond the energy savings associated with certified products; others appear to pay attention to electricity costs, but not to the certification, and still others appear to be insensitive to both electricity costs and ENERGY STAR. The findings suggest that the certification acts as a substitute for more accurate, but complex energy information. Using the structural model, I find that the opportunity cost of having imperfectly informed consumers in the refrigerator market ranges from $12 to $17 per refrigerator sold. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w20019 |
| 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/577693 |
| 推荐引用方式 GB/T 7714 | Sébastien Houde. How Consumers Respond to Environmental Certification and the Value of Energy Information. 2014. |
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