How consumers respond to product certification and the value of energy information

被引:59
|
作者
Houde, Sebastien [1 ]
机构
[1] Swiss Fed Inst Technol, Zurich, Switzerland
来源
RAND JOURNAL OF ECONOMICS | 2018年 / 49卷 / 02期
关键词
DISCRETE-CHOICE MODELS; GASOLINE PRICES; FUEL-ECONOMY; RATIONAL INATTENTION; PLAN CHOICE; EFFICIENCY; WELFARE; PROGRAM; LABELS; SALES;
D O I
10.1111/1756-2171.12231
中图分类号
F [经济];
学科分类号
02 ;
摘要
I study how consumers respond to competing pieces of information that differ in their degree of complexity and informativeness. In particular, I study the choice of refrigerators in the United States, where a mandatory disclosure labelling program provides detailed information about energy cost, and a certification labelling program provides a simple binary-star rating related to energy use. I find that the coarse certification may help some consumers to pay attention to energy information, but for others, it may crowd out efforts to process more accurate, but complex, energy information. The effect of the certification on overall energy use is thus ambiguous.
引用
收藏
页码:453 / 477
页数:25
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