Consumer myopia, imperfect competition and the energy efficiency gap: Evidence from the UK refrigerator market

被引:27
|
作者
Cohen, Francois [1 ,2 ]
Glachant, Matthieu [3 ]
Soderberg, Magnus [4 ]
机构
[1] London Sch Econ & Polit Sci, Grantham Res Inst Climate Change & Environm, London, England
[2] Ctr Climate Change Econ & Policy, London, England
[3] PSL Res Univ, MINES ParisTech, CNRS, CERNA I3, 60 Blvd St Michel, F-75006 Paris, France
[4] Univ Gothenburg, Dept Business, Gothenburg, Sweden
关键词
Energy efficiency; Electricity prices; Consumer myopia; Imperfect competition; INDIVIDUAL DISCOUNT RATES; DISCRETE-CHOICE MODELS; FUEL-ECONOMY; PRODUCT DIFFERENTIATION; GASOLINE PRICES; PURCHASE; DEMAND; HETEROGENEITY; STANDARDS; DURABLES;
D O I
10.1016/j.euroecorev.2017.01.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
The empirical literature on the energy efficiency gap concentrates on demand inefficiencies in the energy-using durables markets and finds evidence that consumers underestimate future energy costs when purchasing a new appliance. We take a broader view and also consider the impact of imperfect competition. Using data on the UK refrigerator market (2002-2007), we find that the average energy consumption of appliances sold during this period was only 7.2% higher than what would have been observed under a scenario with a perfectly competitive market and non-myopic consumers. One reason for this small gap is that market power actually reduces energy use. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码:1 / 23
页数:23
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