Determinants of households adoption of energy efficient technologies in Europe: focussing on preferences for risk, time and losses (BRISKEE report)
This paper empirically studies the relation between household adoption of EETs (LEDs, energy efficient appliances, retrofit measures) and risk aversion, standard time preferences, present bias, and loss aversion. The analysis relies on a large representative sample drawn from eight EU countries. Time, risk, and loss aversion preferences were elicited and jointly estimated from participant choices in context-free MPLs.
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