Why transaction costs do not decrease over time? A case study of energy efficiency programmes in Czechia

Michaela Valentová, Martin Horák and Lukáš Dvořáček

Energy Policy, 2020, vol. 147, issue C

Abstract: Transaction costs have a negative impact on the implementation and effectiveness of energy efficiency policies, while they remain rarely systematically tracked and evaluated. Transaction costs should decrease over time, thanks to the ageing of the policy (and the effects of learning) and the prevalence of initial, fixed costs. However, we find that the opposite may be true.

Keywords: Transaction costs; Energy efficiency programmes; Climate policy; Energy policy; Evaluation (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:147:y:2020:i:c:s0301421520305875

DOI: 10.1016/j.enpol.2020.111871

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