Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Sustainable agriculture and conservation Location: Auditorium L: Ingrid Simonnæs Session Chair: Andreas Gerster, University of Mainz | |
| Presentation 4 | |
The Alignment Effect of Auditing: Evidence from Energy Efficiency Retrofits 1: University of Mainz, Germany; RWI - Leibniz Institute for Economic Research; 2: University of Mannheim; 3: Technical University of Dortmund There is growing evidence that households do not even undertake profitable energy efficiency retrofits, partly because they are inattentive to and imperfectly informed about their economic value. We conduct an framed field experiment to quantify the effectiveness and the welfare effects of a widespread policy tool to overcome this issue: energy efficiency audits. Participants in the treatment group of our incentivized experiment obtain personalized information on the cost savings of retrofitting the heating system, whereas participants in a control group do not obtain such information. We find that the provision of information does not increase the average willingness-to-pay for a retrofit. However, it improves the alignment between households' cost savings and their decision to retrofit, which translate into welfare gains of about 30 EUR per household and year. | |
