Knowledge is (Less) Power: Experimental Evidence from Residential Energy Use

Imperfect information about product attributes inhibits efficiency in many choice settings, but can be overcome by providing simple, lowcost information. We use a randomized control trial to test the effect of high-frequency information about residential electricity usage on the price elasticity of...

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Bibliographic Details
Published in:The American economic review 2014-04, Vol.104 (4), p.1417-1438
Main Authors: Jessoe, Katrina, Rapson, David
Format: Article
Language:English
Subjects:
Clinical trials
Consumer behavior
Consumer information
Consumer prices
Consumers
Costs
Decision making
Economic theory
Economics
Elasticity of demand
Electric utilities
Electricity
Energieeinsparung
Energiekonsum
Energiepreis
Energy
Energy conservation
Energy consumption
Energy utilization
Evidence
Feedback
Greenhouse effect
Greenhouse gases
Habits
Households
Information
Information feedback
Informationsverhalten
Knowledge
Konsumentenverhalten
Lernprozess
Market prices
Marketing
Myocardial ischemia
Price changes
Price elasticity
Price increases
Prices
Pricing policies
Privater Haushalt
Salience
Shorter Papers
Standard deviation
Studies
Supply & demand
U.S.A
USA
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