Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/250448

Consumer valuation of energy-saving features of residential air conditioners with hedonic and choice models
Consumer valuation of energy-saving features of residential air conditioners
Matsumoto, Shigeru
Institut de Ciència i Tecnologia Ambientals; Universitat Autònoma de Barcelona
The promotion of energy-efficient appliances is necessary to reduce the energetic and environmental burden of the household sector. However, many studies have reported that a typical consumer underestimates the benefits of energy-saving investment on the purchase of household electric appliances. To analyze this energy-efficiency gap problem, many scholars have estimated implicit discount rates that consumers use for energy-consuming durables. Although both hedonic and choice models have been used in previous studies, a comparison between two models has not yet been done. This study uses point of sale data about Japanese residential air conditioners and estimates implicit discounts rates with both hedonic and choice models. Both models demonstrate that a typical consumer underinvests in energy efficiency. Although choice models estimate a lower implicit discount rate than hedonic models, the latter models estimate the values of other product characteristics more consistently than choice models.
27-05-2015
504 - Ciències del medi ambient
Aire condicionat -- Aparells i accessoris
Energia elèctrica -- Estalvi
Economia energètica
Consum d'energia -- Japó
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19 p.
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Working Papers on Environmental Sciences;
         

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