Tailored interventions in a major life decision: A home relocation discrete choice experiment

Joëlle Velvart (), Prudence Dato and Florian Kuhlmey ()
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Joëlle Velvart: University of Basel
Florian Kuhlmey: University of Basel

Working papers from Faculty of Business and Economics - University of Basel

Abstract: Major life decisions such as the choice of housing and its characteristics have significant implications for a household and its energy consumption because they alter structural aspects of energy demand. Energy policy interventions targeting these decisions can therefore have a long-lasting impact. To assess non-monetary policy instruments as incentives for energy-conserving housing choices we implement a discrete choice experiment with a representative sample of Swiss households. The purpose of this paper is the investigation of behavioural differences across households in reaction to social norms and energy-related information. To this end, we distinguish different types of households with a segmentation approach useful for policy makers. Our study provides insights for the question whether the tailoring of non-monetary measures can contribute to a more effective policy design compared to a one-size-fits-all approach. Estimating panel mixed logit models, we find treatment effects to significantly differ across household segments as well as with the baseline energy consumption. The evident treatment heterogeneity suggests a targeted approach for non-monetary interventions.

Keywords: Housing choice; household heterogeneity; non-monetary incentives; social norms; energy literacy (search for similar items in EconPapers)
JEL-codes: D1 D83 D9 Q4 Q5 R21 (search for similar items in EconPapers)
Date: 2022-02-17
New Economics Papers: this item is included in nep-dcm, nep-ene, nep-exp and nep-ure
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