Authors: | Andor, Mark A. Frondel, Manuel Gerster, Andreas Sommer, Stephan |
Title: | Cognitive reflection and the valuation of energy efficiency |
Language (ISO): | en |
Abstract: | Based on a stated-choice experiment among about 3,600 German household heads on the purchase of electricity-using durables, this paper explores the impact of cognitive reflection on consumers’ valuation of energy efficiency, as well as its interaction with consumers’ response to the EU energy label. Using a standard cognitive reflection test, our results indicate that consumers with low cognitive reflection scores value energy efficiency less than those with high scores. Furthermore, we find that consumers with a low level of cognitive reflection respond more strongly to grade-like energy efficiency classes than to detailed information on annual energy use. |
Subject Headings: | environmental certification energy-using durables decision heuristics |
URI: | http://hdl.handle.net/2003/38258 http://dx.doi.org/10.17877/DE290R-20228 |
Issue Date: | 2019 |
Appears in Collections: | Sonderforschungsbereich (SFB) 823 |
Files in This Item:
File | Description | Size | Format | |
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DP_2419_SFB823_Andor_Frondel_Gerster_Sommer.pdf | DNB | 1.17 MB | Adobe PDF | View/Open |
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