Publication type: Book part
Type of review: Editorial review
Title: Energy efficiency gap in Switzerland : an empirical study on online purchases of white goods
Authors: Stadelmann, Marcel
et. al: No
DOI: 10.1007/978-981-15-6093-4_12-1
Published in: Sustainability and Environmental Decision Making
Editors of the parent work: Quah, Euston
Schubert, Renate
Issue Date: 2021
Series: Sustainable Development
Series volume: 5
Publisher / Ed. Institution: Springer
Publisher / Ed. Institution: Singapore
ISBN: 978-981-15-6093-4
Language: English
Subjects: Discounting; Energy efficiency gap; Purchase decision; White goods
Subject (DDC): 333.79: Energy
Abstract: An energy efficiency gap implies that purchases of more energy-efficient equipment result in monetary (and energy) savings. This chapter analyzes the energy efficiency gap for white goods in Switzerland. Hereby, it takes advantage of the unique characteristics of “twin” products – i.e., two products sharing identical characteristics except for their energy efficiency and their purchase price. The energy efficiency gap requires two conditions to be met: First, the energy-efficient twin has to have a lower present value of total costs than its inefficient counterpart, and second, the inefficient twin has to be purchased nonetheless. In an empirical analysis of the Swiss online market for twin white goods, this chapter illustrates cases meeting both conditions for different discount rates. Based on these cases, the size of the respective energy efficiency gap is calculated. The energy efficiency gap is measured by the relative difference between the mean annual electricity consumption of the products actually purchased and the mean annual electricity consumption of products hypothetically purchased by fully rational economic agents. It seems that for reasonable discount rates the energy efficiency gap is rather small. One key reason seems to be the generally high purchase price premium of energy-efficient appliances.
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Institute of Marketing Management (IMM)
Appears in collections:Publikationen School of Management and Law

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