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dc.contributor.author
Lang, Ghislaine
dc.contributor.author
Farsi, Mehdi
dc.contributor.author
Lanz, Bruno
dc.contributor.author
Weber, Sylvain
dc.date.accessioned
2022-01-13T09:09:01Z
dc.date.available
2022-01-13T09:09:01Z
dc.date.issued
2021-05
dc.identifier.issn
0928-7655
dc.identifier.issn
1873-0221
dc.identifier.other
10.1016/j.reseneeco.2021.101231
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/525168
dc.description.abstract
We elicit homeowners’ willingness to pay (WTP) for energy efficiency and low-carbon technologies in the context of heating appliance replacement. We employ a within-between subject design that involves manipulating information in a two-stage discrete choice experiment (DCE) and use WTP space estimation to identify the role of financial information in reducing fossil fuel use. We find that homeowners’ average valuation of energy efficiency exceeds associated heating cost savings, suggesting that they also consider non-monetary benefits when evaluating this type of investment, whereas information about private and pro-social benefits of investments only has a limited impact on WTP. Evidence also suggests that homeowners have a strong preference for the existing technology. Consequently, fossil fuel users’ WTP for switching to low-carbon technologies does not cover respective investment cost differentials, and we derive evidence on how combined subsidies and information can induce these users to opt out of fossil technologies. © 2021 Elsevier
en_US
dc.language.iso
en
en_US
dc.publisher
Elsevier
en_US
dc.subject
Energy efficiency
en_US
dc.subject
Low-carbon technologies
en_US
dc.subject
Informational interventions
en_US
dc.subject
Product familiarity
en_US
dc.subject
Discrete choice experiments
en_US
dc.subject
Mixed logit models
en_US
dc.subject
WTP space estimation
en_US
dc.title
Energy efficiency and heating technology investments: Manipulating financial information in a discrete choice experiment
en_US
dc.type
Journal Article
dc.date.published
2021-02-11
ethz.journal.title
Resource and Energy Economics
ethz.journal.volume
64
en_US
ethz.journal.abbreviated
Resour. energy econ.
ethz.pages.start
101231
en_US
ethz.size
31 p.
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D1 - Household Behavior and Family Economics
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D8 - Information, Knowledge, and Uncertainty
en_US
ethz.code.jel
JEL - JEL::H - Public Economics::H2 - Taxation, Subsidies, and Revenue::H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics
en_US
ethz.code.jel
JEL - JEL::R - Urban, Rural, Regional, Real Estate, and Transportation Economics::R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location::R31 - Housing Supply and Markets
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.place
Amsterdam
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03877 - Bommier, Antoine / Bommier, Antoine
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03877 - Bommier, Antoine / Bommier, Antoine
en_US
ethz.date.deposited
2021-03-03T08:36:03Z
ethz.source
FORM
ethz.source
SCOPUS
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.installDate
2022-01-13T09:09:09Z
ethz.rosetta.lastUpdated
2022-03-29T17:30:36Z
ethz.rosetta.versionExported
true
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/524583
dc.identifier.olduri
http://hdl.handle.net/20.500.11850/472653
ethz.COinS
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