Publikation: Heterogeneous Preferences and Investments in Energy Saving Measures
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2015
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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 futureoriented 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 proenvironmental individuals. Social preferences measured in a dictator and a generosity game play a mixed role for investments in energy efficiency and energy consumption.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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Risk Preferences, Time Preferences, Environmental Preferences, Social Preferences, Energy Efficiency, Artefactual Field Experiment
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FISCHBACHER, Urs, Simeon SCHUDY, Sabrina TEYSSIER, 2015. Heterogeneous Preferences and Investments in Energy Saving MeasuresBibTex
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year={2015},
series={Research paper series / Thurgauer Wirtschaftsinstitut},
title={Heterogeneous Preferences and Investments in Energy Saving Measures},
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author={Fischbacher, Urs and Schudy, Simeon and Teyssier, Sabrina}
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