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Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Essen >
Ruhr Economic Papers, RWI >
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http://hdl.handle.net/10419/26822
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| Title: | | Willingness-to-pay for energy conservation and free-ridership on subsidization: evidence from Germany  |
| Authors: | | Grösche, Peter Vance, Colin |
| Issue Date: | | 2008 |
| Series/Report no.: | | Ruhr economic papers 58 |
| Abstract: | | Understanding the determinants of home-efficiency improvements is significant to a range of energy policy issues, including the reduction of fossil fuel use and environmental protection. This paper analyzes retrofit choices by assembling a unique data set merging a nationwide household survey from Germany with regional data on wages and construction costs. To explore the influence of both heterogeneous preferences and correlation among the utility of alternatives, conditional-, random parameters-, and error components logit models are estimated that parameterize the influence of costs, energy savings, and household-level socioeconomic attributes on the likelihood of undertaking one of 16 renovation options. We use the model coefficients to derive household-specific marginal willingness-to-pay estimates, and with these assess the extent to which free-ridership may undermine the effectiveness of recently implemented programs that subsidize the costs of retrofits. |
| Subjects: | | Heterogenous preferences residential sector revealed-preference data |
| JEL: | | C25 D12 Q4 |
| ISBN: | | 978-3-86788-061-9 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des RWI Ruhr Economic Papers, RWI
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