EconPapers    
Economics at your fingertips  
 

Harnessing Policy Complementarities to Conserve Energy: Evidence from a Natural Field Experiment

John List (), Robert Metcalfe (), Michael Price () and Florian Rundhammer ()

No 23355, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The literature has shown the power of social norms to promote residential energy conservation, particularly among high usage users. This study uses a natural field experiment with nearly 200,000 US households to explore whether a financial rewards program can complement such approaches. We observe strong impacts of the program, particularly amongst low-usage and low-variance households, customers who typically are less responsive to normative messaging. Our data thus suggest important policy complementarities between behavioral and financial incentives: whereas non-pecuniary interventions disproportionately affect intense users, financial incentives are able to substantially affect the low-user, “sticky households.”

JEL-codes: C93 D03 Q4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-exp and nep-reg
Date: 2017-04
Note: EEE PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.nber.org/papers/w23355.pdf (application/pdf)

Related works:
Working Paper: Harnessing Policy Complementarities to Conserve Energy: Evidence from a Natural Field Experiment (2017) Downloads
Working Paper: Harnessing Policy Complementarities to Conserve Energy: Evidence from a Natural Field Experiment (2017) Downloads
Working Paper: Harnessing Policy Complementarities to Conserve Energy: Evidence from a Natural Field Experiment (2017) Downloads
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:nbr:nberwo:23355

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w23355

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-04
Handle: RePEc:nbr:nberwo:23355