Curbing energy consumption through voluntary quotas: Experimental evidence

IF 14.2 2区 经济学 Q1 ECONOMICS
Nicola Campigotto , Marco Catola , Simone D’Alessandro , Pietro Guarnieri , Lorenzo Spadoni
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引用次数: 0

Abstract

This paper explores the potential of voluntary consumption quotas as a strategy to address resource supply shortages. The results of an incentivized online experiment are presented in which a Nash demand game was used to model an energy consumption problem. Participants had the option to join an energy conservation program by accepting a consumption quota. Those who accepted the quota traded off their maximum demand for energy in exchange for the certainty that their demand would be met, while those who rejected the quota could demand and possibly earn more but risked suffering from a power outage, in which case they received nothing. Three different quota schemes are examined, and their policy implications are discussed. Our findings suggest that voluntary quotas may lead to a significant decrease in overall demand and contribute to enhancing consumption security.
通过自愿配额抑制能源消耗:实验证据
本文探讨了自愿消费配额作为解决资源供应短缺战略的潜力。本文给出了一个激励在线实验的结果,该实验使用纳什需求博弈来模拟能源消耗问题。参与者可以选择通过接受消费配额来加入节能计划。那些接受配额的人用他们的最大能源需求来换取他们的需求得到满足的确定性,而那些拒绝配额的人可以要求并可能赚更多的钱,但要冒着停电的风险,在这种情况下,他们什么也得不到。研究了三种不同的配额制度,并讨论了它们的政策含义。我们的研究结果表明,自愿配额可能导致总体需求的显著下降,并有助于提高消费安全。
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来源期刊
Energy Economics
Energy Economics ECONOMICS-
CiteScore
18.60
自引率
12.50%
发文量
524
期刊介绍: Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.
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