Do environmental benefits matter? : A choice experiment among house owners in Germany


Achtnicht, Martin


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URL: http://ub-madoc.bib.uni-mannheim.de/3094
URN: urn:nbn:de:bsz:180-madoc-30941
Document Type: Working paper
Year of publication: 2010
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q51 C25 D12 Q40 ,
Subject headings (SWD): Deutschland , Wohneigentum , Heizung , Modernisierung <Bauwesen> , Energieeinsparung , Entscheidung , Zahlungsbereitschaft
Keywords (English): Choice experiment , CO2 emissions , energy effciency , energy saving , mixed logit , residential buildings , willingness to pay
Abstract: Residential buildings strongly contribute to global CO2 emissions due to the high energy demand for electricity and heating, particularly in industrialised countries. Within the EU, decentralised heat generation is of particular relevance for future climate policy, as its emissions are not covered by the EU ETS. We conducted a choice experiment concerning energy retrofits for existing houses in Germany. In the experiment, the approximately 400 sampled house owners could either choose a modern heating system or an improved thermal insulation for their home. We used standard and mixed logit specifications to analyse the choice data. We found environmental benefits to have a significant impact on choices of heating systems. However, they played no role in terms of insulation choices. Based on the estimated mixed logit model, we further obtained WTP measures for CO2 savings.
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Achtnicht, Martin (2010) Do environmental benefits matter? : A choice experiment among house owners in Germany. Open Access [Working paper]
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