Search

Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 1 of 1)



Behavioral Anomalies and Energy-related Individual Choices: The Role of Status-quo Bias

Julia Blasch and Claudio Daminato

Year: 2020
Volume: Volume 41
Number: Number 6
DOI: 10.5547/01956574.41.6.jbla
View Abstract

Abstract:
The literature on the energy-efficiency gap discusses the status-quo bias as a behavioral anomaly that potentially increases a household�s energy consumption. We empirically investigate the extent to which the status-quo bias is linked to residential electricity consumption through two channels: non-replacement of old appliances and overuse of appliances. Using data from a large household survey conducted in three European countries, we find that our measure of status-quo bias is a significant predictor of both the age of home appliances and the level of a household�s consumption of energy services. This is also reflected in the total electricity consumption, which is found to be around 6% higher when the household head is status-quo biased. We thus provide empirical evidence that the status-quo bias may represent a substantial barrier to increasing residential energy efficiency. Our findings prompt policy makers to design instruments that take this barrier into account.





Begin New Search
Proceed to Checkout

 

© 2024 International Association for Energy Economics | Privacy Policy | Return Policy