EconPapers    
Economics at your fingertips  
 

Prices versus nudges: What matters for search versus purchase of energy investments?

J Holladay, Jacob LaRiviere, David Novgorodsky () and Michael Price

Journal of Public Economics, 2019, vol. 172, issue C, 151-173

Abstract: We report the results of a field experiment where we exogenously vary the use of social comparison “nudges” and subsidies for participation in an in-home energy audit program. We follow subjects through to subsequent purchase of durable goods. We therefore can compare the causal effect of financial incentives and nudges along two margins: audits, which we liken to search, and purchase of durables. Using data on nearly 100,000 households we document that both prices and nudges cause a statistically significant increase in audits. Comparing point estimates, effective nudges are worth roughly $50–$70. However, we find that neither nudges nor subsidies do not significantly impact installations.

Keywords: Information; Social comparison; Public goods; Durable goods (search for similar items in EconPapers)
JEL-codes: D01 D83 Q41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0047272718302317
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:172:y:2019:i:c:p:151-173

DOI: 10.1016/j.jpubeco.2018.12.004

Access Statistics for this article

Journal of Public Economics is currently edited by R. Boadway and J. Poterba

More articles in Journal of Public Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-31
Handle: RePEc:eee:pubeco:v:172:y:2019:i:c:p:151-173