Heterogeneous Preferences and Investments in Energy Saving Measures

Fischbacher, Urs; Schudy, Simeon; Teyssier, Sabrina

Heterogeneous Preferences and Investments in Energy Saving Measures

Dateien

Fischbacher_0-299500.pdfGröße: 927.1 KBDownloads: 293

Datum

2015

Autor:innen

Fischbacher, Urs

Schudy, Simeon

Teyssier, Sabrina

Schriftenreihe

Munich Discussion Paper

URI (zitierfähiger Link)

http://nbn-resolving.de/urn:nbn:de:bsz:352-0-299500

Link zur Lizenz

Urheberrechtlich geschützt

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

We investigate whether risk, time, environmental, and social preferences affect single family homeowners’ investments in energy efficient renovations and energy quality of their house using established experimental measures and questionnaires. We find that homeowners who report to be more risk taking are more likely to have renovated their house. Pro-environmental and future-oriented renovators, i.e. renovators with lower discount factors, live in homes with higher energy efficiency. Controlling for the energy efficiency of houses, we further find that energy consumption as measured by heating and energy costs are lower for future-oriented and pro-environmental individuals. Social preferences measured in a dictator and a generosity game play a mixed role for investments in energy efficiency and energy consumption.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

Risk Preferences, Time Preferences, Environmental Preferences, Social Preferences, Energy Efficiency, Artefactual Field Experiment

Zitieren

ISO 690

FISCHBACHER, Urs, Simeon SCHUDY, Sabrina TEYSSIER, 2015. Heterogeneous Preferences and Investments in Energy Saving Measures

BibTex

@techreport{Fischbacher2015Heter-31839,
  year={2015},
  series={Munich Discussion Paper},
  title={Heterogeneous Preferences and Investments in Energy Saving Measures},
  number={2015-11},
  url={http://epub.ub.uni-muenchen.de/24894/},
  author={Fischbacher, Urs and Schudy, Simeon and Teyssier, Sabrina}
}

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    <dcterms:abstract xml:lang="eng">We investigate whether risk, time, environmental, and social preferences affect single family homeowners’ investments in energy efficient renovations and energy quality of their house using established experimental measures and questionnaires. We find that homeowners who report to be more risk taking are more likely to have renovated their house. Pro-environmental and future-oriented renovators, i.e. renovators with lower discount factors, live in homes with higher energy efficiency. Controlling for the energy efficiency of houses, we further find that energy consumption as measured by heating and energy costs are lower for future-oriented and pro-environmental individuals. Social preferences measured in a dictator and a generosity game play a mixed role for investments in energy efficiency and energy consumption.</dcterms:abstract>
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URL der Originalveröffentl.

http://epub.ub.uni-muenchen.de/24894/

Prüfdatum der URL

2015-09-28

Universitätsbibliographie

Ja