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Individual discount rates and the purchase and utilization of energy-using durables: comment

Journal Article · · Bell J. Econ.; (United States)
DOI:https://doi.org/10.2307/3003422· OSTI ID:6473447

In an earlier article in the journal (Vol. 10, No. 1, 33 (Spring 1979)) Hausman estimated the implicit discount rate used by air-conditioner buyers in the tradeoff between initial cost and energy usage. Similar estimates for refrigerators yield discount rates from 45 percent to 300%. This raises questions about consumer and producer behavior and weakens certain criticisms of efficiency standards. 2 tables.

Research Organization:
New York Univ., NY
OSTI ID:
6473447
Journal Information:
Bell J. Econ.; (United States), Journal Name: Bell J. Econ.; (United States) Vol. 11:1; ISSN BJECD
Country of Publication:
United States
Language:
English