Willingness to Pay for Energy Efficient Refrigerating Appliances in Accra, Ghana: A Choice Experiment Approach

Asinyaka Michael ()
Additional contact information
Asinyaka Michael: Estate Management and Valuation, University of Rwanda College of Science and Technology, Kigali, Rwanda

Review of Economics, 2019, vol. 70, issue 1, 15-39

Abstract: The use of energy efficient refrigerating appliances in the domestic sector holds promise for savings on energy, CO2 emissions and CFC leakages, and more so for developing countries than for developed countries. However, the low saliency of energy efficiency and monetary savings impedes the uptake of energy efficient appliances by end-use consumers and suppliers of residential appliances. Moreover, there is the lack of information on how consumers value different refrigerating appliances and appliance features as well as how much they are willing to pay for same. Applying a choice experiment approach, this paper valued consumers’ preferences for energy efficient refrigerating appliances and found that willingness to pay (WTP) is significant and positive at GH¢3,078.12 ($690). However, evidence of the influence of socio-demographics on WTP and preferences is inconclusive.

Keywords: willingness to pay; choice experiment; consumers; energy efficient refrigerating appliance; rebate; energy label (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/roe-2018-0007 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

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:lus:reveco:v:70:y:2019:i:1:p:15-39:n:2

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/roe/html

DOI: 10.1515/roe-2018-0007

Access Statistics for this article

Review of Economics is currently edited by Michael Berlemann

More articles in Review of Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().