Willingness-to-Pay for Energy Efficiency: Evidence from the European Common Market

IF 3.2 3区经济学 Q1 ECONOMICS

Environmental & Resource Economics Pub Date : 2023-11-08 DOI:10.1007/s10640-023-00819-w

Anne Kesselring

引用次数: 0

Abstract

Abstract This paper explores the willingness-to-pay for energy efficiency by exploiting variation across products and countries within the EU market for household appliances. Based on scanner data at product-level, I use the hedonic method to estimate implicit prices for energy efficiency and derive implicit discount rates. The paper argues that the implicit price will be underestimated when energy consumption is not only a determinant of operating cost but also is positively associated with other features of a product. The empirical analysis confirms that estimates of the willingness-to-pay are higher when this effect is accounted for in the estimation. This is especially true of product types for which the heterogeneity of usage intensity is low. The results thus indicate that the energy efficiency gap is smaller than found in earlier studies.

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为能源效率付费的意愿:来自欧洲共同市场的证据

摘要:本文探讨了通过利用欧盟家电市场内不同产品和国家的差异来支付能源效率的意愿。基于产品级别的扫描仪数据，我使用享乐方法来估计能源效率的隐含价格并推导隐含贴现率。本文认为，当能源消耗不仅是运营成本的决定因素，而且与产品的其他特征呈正相关时，隐性价格将被低估。实证分析证实，当在估计中考虑到这种影响时，对支付意愿的估计更高。对于使用强度异质性较低的产品类型尤其如此。因此，结果表明，能源效率差距比早期研究发现的要小。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Environmental & Resource Economics Multiple-

CiteScore

10.20

自引率

3.40%

发文量

100

期刊介绍： The primary concern of Environmental & Resource Economics (ERE) is the application of economic theory and methods to environmental issues and problems that require detailed analysis in order to improve management strategies. The contemporary environmental debate is in a constant state of flux and new or relatively unexplored topics are continually emerging. The Journal provides a forum for the further exploration of the causes, consequences and policy responses linked to these topics, across a range of spatial and temporal scales up to the global dimension. Contributions to the Journal should directly or indirectly be relevant to the policy formulation and application process. Areas of particular interest include: evaluation and development of instruments of environmental policy; cost-benefit and cost effectiveness analysis; sectoral environmental policy impact analysis; modelling and simulation; institutional arrangements; resource pricing and the valuation of environmental goods; environmental quality indicators. The editors wish to encourage a pluralistic approach to both theoretical and applied contributions. The publication of empirically based, policy-oriented research is given a high priority in the Journal in order to further critical discussion. Environmental & Resource Economics will also accept papers with an interdisciplinary approach, where this helps to improve knowledge of the real world complexities present, provided that the analysis retains links to or components of economic thinking. The Journal is required reading for economists, economic geographers and other academics, professionals and officials with a working interest in environmental matters.