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The Behavior of the Market for Energy Efficiency in Residential Appliances Including Heating and Cooling Equipment

Abstract:
Our paper provides a quantitative analysis of market behavior for the purchase of energy efficiency in residential appliances and heating and cooling equipment. Accurate forecasts of residential energy use require quantitative assessments of market decisions about energy efficiency. The results of our investigation of market behavior can lead to a better understanding of the barriers to investment in energy conservation. Understanding market behavior over time is a prerequisite to an evaluation of the need for and the importance of policies to promote energy efficiency.

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Energy Specializations: Energy Efficiency; Electricity – Policy and Regulation

JEL Codes:
Q55 - Environmental Economics: Technological Innovation
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Keywords: Residential heating and cooling, Energy efficiency, Market behavior, Appliances

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-7


Published in Volume 8, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.