Consumer purchases of energy-efficient refrigerators and implied discount rates
Conference
·
OSTI ID:6543072
Consumer purchasing patterns of a standard and an energy-efficient refrigerator are presented. These models differed only in their initial cost and electricity consumption. Consumers in regions with higher electricity prices tended to buy the more efficient model. A distribution of implied consumer discount rates is constructed. Roughly 2/5 of the consumers behaved as if they had real discount rates above 60%, 1/5 between 35% and 60%, and 2/5 less than 35%. Some of the distribution in apparent discount rates may be attributable to market failures.
- Research Organization:
- Lawrence Berkeley Lab., CA (USA); New Mexico State Univ., Las Cruces (USA)
- DOE Contract Number:
- AC03-76SF00098
- OSTI ID:
- 6543072
- Report Number(s):
- LBL-14924; CONF-820849-16; ON: DE83005463
- Country of Publication:
- United States
- Language:
- English
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