The Impact Of Household Energy Efficient Products On Consumers Willingness To Pay
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Author |
: Jan-Louis Van Tonder |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2022 |
ISBN-10 |
: OCLC:1392133977 |
ISBN-13 |
: |
Rating |
: 4/5 (77 Downloads) |
Synopsis The Impact of Household Energy Efficient Products on Consumers' Willingness to Pay by : Jan-Louis Van Tonder
Author |
: David Oakley Ward |
Publisher |
: |
Total Pages |
: 97 |
Release |
: 2010 |
ISBN-10 |
: OCLC:649066161 |
ISBN-13 |
: |
Rating |
: 4/5 (61 Downloads) |
Synopsis Consumers' Willingness to Pay for Energy Labels on Household Appliances by : David Oakley Ward
Voluntary environmental labeling or certification programs provide information about the environmental characteristics of one or more aspects of a product's life cycle to consumers. The U.S. Environmental Protection Agency and Department of Energy were among the first governmental agencies in the world to adopt environmental information programs. This study examines two U.S. programs -- Energy Star, an energy efficiency labeling program, and Green Power Partnership (GPP), a green energy purchasing program, and estimates how much consumers are willing to pay for refrigerators that have been awarded these labels and what factors motivate that willingness to pay. The data were obtained from a survey conducted in March and April of 2009 via an online research panel, which was constructed to be representative of the U.S. population. Analysis of the data was conducted using conditional logit regression models with fixed parameters and mixed logit regression models with random parameters. Results revealed that consumers, on average, have a willingness to pay ranging from $237.81 to $350.54 for the Energy Star label and a willingness to pay ranging from $48.52 to $70.95 for the GPP label. The results also indicate that consumer demographics and attitudes influence WTP. In particular, individuals with greater levels of stated concern for the environment or individuals exhibiting strong perceptions on the effectiveness of consumers to affect product design and the ambient environment had a greater likelihood of choosing a labeled alternative, and thus, a greater WTP for both the Energy Star and GPP label. To manufacturers and government regulators, these results suggest that energy labels can play a significant role in a consumer's decision making process when selecting a new appliance.
Author |
: Ruyin Long |
Publisher |
: Frontiers Media SA |
Total Pages |
: 175 |
Release |
: 2022-11-11 |
ISBN-10 |
: 9782832505281 |
ISBN-13 |
: 2832505287 |
Rating |
: 4/5 (81 Downloads) |
Synopsis Psychological and Behavioral Decision Making of Green Consumption by : Ruyin Long
Author |
: Andrea La Nauze |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2023 |
ISBN-10 |
: OCLC:1374812081 |
ISBN-13 |
: |
Rating |
: 4/5 (81 Downloads) |
Synopsis Do Consumers Acquire Information Optimally? by : Andrea La Nauze
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely available information. To test for optimal information acquisition we compare the average utility gain from improved decision making due to information with willingness to pay for information. We find that consumers acquire information suboptimally. We then compare two behavioral policies: a conventional subsidy for energy-efficient products and a non-traditional subsidy paying consumers to acquire information on energy costs. The welfare effects of each policy depend on the benefits of improved decisions versus the losses of mental effort (from the information subsidy) or distorted choices (from the product subsidy). In our context, information subsidies dominate product subsidies. In a variety of settings where decisions are made and information is delivered online, paying for attention could more effectively target welfare improvements.
Author |
: Alex Wilson |
Publisher |
: ACEEE |
Total Pages |
: 0 |
Release |
: 2003 |
ISBN-10 |
: 0918249465 |
ISBN-13 |
: 9780918249463 |
Rating |
: 4/5 (65 Downloads) |
Synopsis Consumer Guide to Home Energy Savings by : Alex Wilson
Alex Wilson, Jennifer Thorne and John Morrill Energy efficiency pays. For over a decade, the Consumer Guide to Home Energy Savings has helped people who care about their budgets and about the environment to find energy-saving products. Inside this new, 8th edition: up-to-date lists of the most energy-efficiency appliances and equipment by brand name and model number tips, diagrams, charts, and explanation on nearly every facet of home energy use insulation cooking windows dishwashing heating and cooling systems laundry food storage lighting and much more updated information on energy-efficiency equipment, appliance standards, and the latest tips for saving energy expanded information on ENERGY STAR® -labeled products, including new ones such as freezers and compact refrigerators PLUS which investments in energy efficiency pay for themselves why Energy Guide labels on appliances can be misleading which energy-saving products work and which offer more hype than savings how to save hundreds of dollars by replacing your least efficient appliances and buttoning up your house Join the millions of consumers who are saving money while saving the earth. Reduce your energy bills and make a positive impact on national security, the economy, and the environment.
Author |
: Ranjula Bali Swain |
Publisher |
: Springer Nature |
Total Pages |
: 463 |
Release |
: 2021-03-19 |
ISBN-10 |
: 9783030563714 |
ISBN-13 |
: 3030563715 |
Rating |
: 4/5 (14 Downloads) |
Synopsis Sustainable Consumption and Production, Volume I by : Ranjula Bali Swain
Economic growth and increasing population impose long-term risks to the environment and society. Approaches to address the impact of consumption and production on bio-diversity loss, resource availability, climate change, and mounting waste problems on land and in seas have yet not proven to be successful. This calls for innovative approaches to address the complex environmental, social, and economic interrelationships that have to be addressed in transforming to sustainable development. Sustainable Consumption and Production, Volume I: Challenges and Development aims to explore critical global challenges and addresses how consumers, producers, the private sector, international organizations, and governments can play an active role in innovating businesses to support a transitioning towards sustainable consumption and production. The book explores different approaches and innovations to address sustainable consumption and production. It details multiple social and economic contexts to the challenges and developments towards a sustainable consumption and production. The book is of interest to economists, students, businesses, and policymakers. Chapter 14 and chapter 15 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Author |
: Anna Kowalska-Pyzalska |
Publisher |
: Elsevier |
Total Pages |
: 246 |
Release |
: 2023-11-01 |
ISBN-10 |
: 9780128228838 |
ISBN-13 |
: 0128228830 |
Rating |
: 4/5 (38 Downloads) |
Synopsis Diffusion of Innovative Energy Services by : Anna Kowalska-Pyzalska
Diffusion of Innovative Energy Services: Consumers’ Acceptance and Willingness to Pay consolidates research in the diffusion, adoption and acceptance of Innovative energy services (IES), including dynamic green electricity tariffs, small-scale energy generators, and smart metering information systems among residential electricity consumers. The book addresses consumer awareness, acceptance and engagement towards smart technologies, focusing on the ‘willingness to pay’ for IES. Chapters address findings from field experiments, pilot programs and simulation methods such as agent-based modeling. Case studies involve various countries and continents, with a focus on modern, pro-environmental and sustainable economies, where IES are offered. Policy recommendations, tools and interventions as well as behavioral strategies conclude the work. Consolidates and integrates key findings across economic, behavioral and social elements of IES diffusion Addresses the economic appraisal of IES, covering consumers’ willingness to pay and the intention-behavior gap phenomenon Reviews current literature regarding consumers’ acceptance and engagement towards IES based on filed experiments, pilot programs, modelling and simulation Provides policy recommendations, marketing tools and interventions as well as the behavioral strategies necessary to enhance IES market position alongside climate policy goals
Author |
: John D. Claxton |
Publisher |
: Praeger Publishers |
Total Pages |
: 326 |
Release |
: 1981 |
ISBN-10 |
: UOM:39015005644409 |
ISBN-13 |
: |
Rating |
: 4/5 (09 Downloads) |
Synopsis Consumers and Energy Conservation by : John D. Claxton
Author |
: William Michael Denney |
Publisher |
: |
Total Pages |
: 98 |
Release |
: 1978 |
ISBN-10 |
: UOM:39015001699704 |
ISBN-13 |
: |
Rating |
: 4/5 (04 Downloads) |
Synopsis The Impact of Advertising, Marketing, and Other Market Information on Consumer Energy Use by : William Michael Denney
Author |
: Hongling Guo |
Publisher |
: Springer Nature |
Total Pages |
: 1687 |
Release |
: 2022-09-01 |
ISBN-10 |
: 9789811952562 |
ISBN-13 |
: 9811952566 |
Rating |
: 4/5 (62 Downloads) |
Synopsis Proceedings of the 26th International Symposium on Advancement of Construction Management and Real Estate by : Hongling Guo
This book of CRIOCM 2021 (26th International Conference on Advancement of Construction Management and Real Estate) presents the latest developments in real estate and construction management around the globe. The conference was organized by the Chinese Research Institute of Construction Management (CRIOCM) working in close collaboration with Tsinghua University. Written by international academics and professionals, the book discusses the latest achievements, research findings and advances in frontier disciplines in the field of construction management and real estate. Covering a wide range of topics, including building information modeling, big data, geographic information systems, housing policies, management of infrastructure projects, intelligent construction and smart city, real estate finance and economics and urban planning and sustainability, the discussions provide valuable insights into the implementation of advanced construction project management and real estate market in China and abroad. The book offers an outstanding resource for academics and professionals.