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Evaluating the role of energy efficiency labels in the prices of household appliances: the case of refrigerators
| Content Provider | Semantic Scholar |
|---|---|
| Author | Galarraga, Ibon Heres, David Ricardo González-Eguino, Mikel |
| Copyright Year | 2011 |
| Abstract | This article uses an statisticalmethod to estimate the price premium paid for the highest energy-efficiency label (A+) in the refrigerators market of the Basque Autonomous Community (Spain). The estimated figure is 8.9% of the final price or about 60 euro, which represents one third of the energy savings that a consumer gets during the lifetime of a refrigerator with the highest energy-efficiency label. This figure is then combined with the conditions from a theoretically supported demand systemto calculate the sensitivity of the demandfor refrigerators to own and cross-price variations. The results indicate that the demand for refrigerators with the highest energy-efficiency label is highly sensitive to price variations. The information presented here can bevery useful for policy design and analysis. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://addi.ehu.es/bitstream/handle/10810/14163/BC3_PB_2011_05.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |