Consumer discount rates implied by purchases of energy-efficient refrigerators

Alan K. Meier and Jack Whittier

Energy, 1983, vol. 8, issue 12, 957-962

Abstract: Consumer purchasing patterns for a standard and an energy-efficient refrigerator are presented. These models differed only in their initial cost and electricity consumption. Consumers tended to buy the more efficient model in regions with higher electricity prices. A distribution of implied consumer discount rates is constructed. Roughly 25 of the consumers behaved as if they had real discount rates above 60%, 15 between 35 and 60%, and 25 less than 35%.

Date: 1983
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Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:8:y:1983:i:12:p:957-962

DOI: 10.1016/0360-5442(83)90094-4

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