 Ecological-behavioral economics: Impact of information on energy-renovation decision through third-party investingBelaid Fateh and Véronique Flambard Post-Print from HAL Abstract: Energy renovation faces critical challenges due to upfront costs and operational complexities, impeding its widespread adoption. Some strategies have initiated a groundbreaking economic model featuring a third-party payment mechanism. Under this innovative scheme, households redirect their energy bill savings to a third-party operator to fund renovation projects. In this study, employing a controlled laboratory experiment, we examine the diversity in preferences regarding this government policy and investigate the influence of informational tools on individuals' intentions to participate in the program. Our findings reveal that households with a strong environmental orientation, a penchant for risk-taking, and more altruistic and patient are more inclined to express interest in this program. Surprisingly, information designed to activate social norms and instill confidence in government intervention does not significantly enhance adoption intentions. Our experiment offers valuable methodological insights that can inform the implementation of effective energy renovation initiatives. Date: 2024-07 Published in Ecological Economics, 2024, 221, pp.108196. ⟨10.1016/j.ecolecon.2024.108196⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04569392 DOI: 10.1016/j.ecolecon.2024.108196 Access Statistics for this paper More papers in Post-Print from HAL |
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