Consumer preferences for automobile energy-efficiency grades
Recently, increases in energy prices have made energy conservation and efficiency improvements even more essential than in the past. However, consumers experience difficulty in obtaining reliable information regarding energy efficiency, so that many countries have implemented regulations to enforce...
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| Veröffentlicht in: | Energy economics 2012-03, Vol.34 (2), p.446-451 |
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| container_end_page | 451 |
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| container_issue | 2 |
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| container_title | Energy economics |
| container_volume | 34 |
| creator | Koo, Yoonmo Kim, Chang Seob Hong, Junhee Choi, Ie-Jung Lee, Jongsu |
| description | Recently, increases in energy prices have made energy conservation and efficiency improvements even more essential than in the past. However, consumers experience difficulty in obtaining reliable information regarding energy efficiency, so that many countries have implemented regulations to enforce energy-efficiency grade labeling. In this study, consumer preferences regarding energy efficiency grades are analyzed by the mixed logit and MDCEV model based on the revealed preference data of past automobile purchases. Findings show that consumers rationally apply information on energy efficiency grades when purchasing automobiles. However, they tend to show inefficiency in automobile usage patterns. This study discusses political implications of energy efficiency policies as they might impact consumer behaviors of automobile purchase and usage.
► We model discrete choice model to evaluate energy-efficiency grade regulation. ► Consumers apply information on energy efficiency grades when purchasing automobiles. ► However, they tend to show inefficiency in automobile usage patterns. ► The policies for efficient automobile usage are discussed. |
| doi_str_mv | 10.1016/j.eneco.2011.12.012 |
| format | Article |
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| identifier | ISSN: 0140-9883 |
| ispartof | Energy economics, 2012-03, Vol.34 (2), p.446-451 |
| issn | 0140-9883 1873-6181 |
| language | eng |
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| source | PAIS Index; Elsevier ScienceDirect Journals |
| subjects | Applied sciences Automobiles Consumer behavior Consumer behaviour Consumer preferences Consumers Economic data Energy Energy economics Energy efficiency Energy efficiency grade Energy policy Exact sciences and technology General, economic and professional studies Information Methodology. Modelling Mixed logit Mixed multiple discrete-continuous extreme value Preferences Regulation Studies |
| title | Consumer preferences for automobile energy-efficiency grades |
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