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Paternalism and Energy Efficiency: An Overview / Hunt Allcott.
- Format:
- Book
- Author/Creator:
- Allcott, Hunt.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20363.
- NBER working paper series no. w20363
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Paternalism and Energy Efficiency
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- This review paper provides an overview of the application of behavioral public economics to energy efficiency. I document policymakers' arguments for "paternalistic" energy efficiency policies, formalize with a simple model of misoptimizing consumers, review and critique empirical evidence, and suggest future research directions. While empirical results suggest that policies to address imperfect information and internalities may increase welfare in some cases, some existing policies may be mistargeted or miscalibrated.
- Notes:
- Print version record
- August 2014.
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