NDLI: Are Consumers Attentive to Local Energy Costs? Evidence from the Appliance Market

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Are Consumers Attentive to Local Energy Costs? Evidence from the Appliance Market

Content Provider	Scilit
Author	Houde, Sébastien Myers, Erica
Copyright Year	2019
Description	Journal: SSRN Electronic Journal We estimate whether consumers respond to local energy costs when purchasing appliances. Using a dataset from an appliance retailer, we compare demand responsiveness to a measure of energy costs that varies with local energy prices versus purchase prices. We strongly reject that consumers are unresponsive to local energy costs under a wide range of assumptions. These findings run counter to the popular wisdom, which motivates energy standards, that energy costs are a shrouded attribute. Capital investments are an important channel for electricity demand response and may explain some of the large differences between short and long run electricity price elasticities.
Related Links	https://www.econstor.eu/bitstream/10419/194136/1/WP-19-313.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3331164
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.3331164
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2019-02-08
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Mathematical Social Sciences Shrouded Attributes Energy Efficiency Gap Appliance Efficiency Standards
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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