Titelaufnahme

Titel
Cognitive reflection and the valuation of energy efficiency / Mark A. Andor, Manuel Frondel, Andreas Gerster, Stephan Sommer
VerfasserAndor, Mark Andreas In der Gemeinsamen Normdatei der DNB nachschlagen ; Frondel, Manuel In der Gemeinsamen Normdatei der DNB nachschlagen ; Gerster, Andreas In der Gemeinsamen Normdatei der DNB nachschlagen ; Sommer, Stephan In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenDortmund : Universitätsbibliothek Dortmund, 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (27 Seiten) : Illustrationen, Diagramme
SerieDiscussion paper ; Nr. 24/2019
URNurn:nbn:de:hbz:6:2-121379 Persistent Identifier (URN)
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Cognitive reflection and the valuation of energy efficiency [1.06 mb]
Zusammenfassung

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.

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