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http://hdl.handle.net/1956/1979
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| Tittel: | Estimating customer utility of energy efficiency standards for refrigerators |
| Forfattere: | Moxnes, Erling |
| Dato: | 2003 |
| Forlag: | The University of Bergen |
| Serie/Rapport nr.: | Working papers in system dynamics 4/03 |
| Sammendrag: | A frequent argument against efficiency standards is that they prohibit products that represent
optimal choices for customers and thus lead to reduced customer utility. In this paper we
propose and test a method to estimate such losses. Conjoint analysis is used to estimate utility
functions for individuals that have recently bought a refrigerator. The utility functions are
used to calculate the individuals’ utility of all the refrigerators available in the market. Next
the method is used to estimate losses due to energy efficiency standards that remove products
from the market. The method is found to give accurate estimates that are consistent with
other data on customer choices. Contrary to previous claims, we find that efficiency
standards can lead to increased utility for the average customer. This is possible because
customers do not make perfect choices in the first place. |
| URI: | http://hdl.handle.net/1956/1979 |
| ISSN: | 1503-4860 (print version) |
| Vises i samlingene: | Working Papers in System Dynamics
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