Publications [#267082] of Richard G. Newell

Articles

1. Newell, RG; Siikamäki, J, Nudging Energy Efficiency Behavior: The Role of Information Labels (December, 2014), pp. 555-598, University of Chicago Press [doi]
   (last updated on 2023/06/01)

   Abstract:
   This report evaluates the effectiveness of energy efficiency labels in guiding household decisions. Using a choice experiment with alternative labels, the authors find that simple information on the economic value of saving energy is the most important element guiding more cost-efficient investments in appliance energy efficiency; information on physical energy use and carbon emissions has no significant additional value. They also find that the degree to which the current EnergyGuide label guides cost-efficient decisions depends on the assumed discount rate. These results reinforce the importance of intertemporal choice and discounting for understanding individual behavior and guiding policy.