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Heterogeneous preferences and investments in energy saving measures

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2021

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Teyssier, Sabrina

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http://nbn-resolving.de/urn:nbn:de:bsz:352-2-fdipodzo1yv62
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https://doi.org/10.1016/j.reseneeco.2020.101202
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oops

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Resource and Energy Economics. Elsevier. 2021, 63, 101202. ISSN 0928-7655. eISSN 1873-0221. Available under: doi: 10.1016/j.reseneeco.2020.101202

Zusammenfassung

We investigate whether risk, time, environmental, and social preferences affect single-family homeowners’ investments in the energy efficiency 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. Pro-social preferences as measured in a dictator game relates positively to the energy quality of renovated houses. Controlling for the energy efficiency of houses, we further find that energy consumption as measured by heating and electricity costs is lower for future-oriented and pro-environmental individuals.

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330 Wirtschaft

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ISO 690FISCHBACHER, Urs, Simeon SCHUDY, Sabrina TEYSSIER, 2021. Heterogeneous preferences and investments in energy saving measures. In: Resource and Energy Economics. Elsevier. 2021, 63, 101202. ISSN 0928-7655. eISSN 1873-0221. Available under: doi: 10.1016/j.reseneeco.2020.101202
BibTex
@article{Fischbacher2021Heter-53358,
  year={2021},
  doi={10.1016/j.reseneeco.2020.101202},
  title={Heterogeneous preferences and investments in energy saving measures},
  volume={63},
  issn={0928-7655},
  journal={Resource and Energy Economics},
  author={Fischbacher, Urs and Schudy, Simeon and Teyssier, Sabrina},
  note={Article Number: 101202}
}
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