Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121763
Authors: 
Fischbacher, Urs
Schudy, Simeon
Teyssier, Sabrina
Year of Publication: 
2015
Series/Report no.: 
Munich Discussion Paper 2015-11
Abstract: 
We investigate whether risk, time, environmental, and social preferences affect single family homeowners' investments in energy efficient renovations and energy quality of their house using established experimental measures and questionnaires. We find that homeowners who report to be more risk taking are more likely to have renovated their house. Pro-environmental and futureoriented renovators, i.e. renovators with lower discount factors, live in homes with higher energy efficiency. Controlling for the energy efficiency of houses, we further find that energy consumption as measured by heating and energy costs are lower for future-oriented and proenvironmental individuals. Social preferences measured in a dictator and a generosity game play a mixed role for investments in energy efficiency and energy consumption.
Subjects: 
Risk Preferences
Time Preferences
Environmental Preferences
Social Preferences
Energy Efficiency
Artefactual Field Experiment
JEL: 
C93
D03
Q01
Q50
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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