全球智库信息集成服务系统(G2TT): Heterogeneous (Mis-) Perceptions of Energy Costs: Implications for Measurement and Policy Design

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25722
来源ID	Working Paper 25722
	Heterogeneous (Mis-) Perceptions of Energy Costs: Implications for Measurement and Policy Design
	Sébastien Houde; Erica Myers
发表日期	2019-04-08
出版年	2019
语种	英语
摘要	Quantifying heterogeneity in consumers’ misperceptions of product costs is crucial for policy design. We illustrate this point in the energy context and the design of Pigouvian policies. We estimate non-parametric distributions of perceptions of energy costs in the U.S. appliance market using a revealed preference approach. We show that the average degree of misperception is misleading— while the largest share of consumers correctly perceives energy costs, a significant share undervalues them, and smaller shares either significantly overvalues or completely ignores them. We show that setting a tax based on mean misperception deviates substantially from the optimal tax that accounts for heterogeneous misperceptions. While correctly characterizing misperception is crucial for setting optimal Pigouvian taxes for externalities, it is less important for setting optimal standards. We find that standards can largely outperform taxes. Standards’ advantage is they reduce variance in energy operating costs relative to taxes, which internalizes distortionary effects from misperceptions.
主题	Microeconomics ; Households and Firms ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance ; Environmental and Resource Economics ; Energy ; Environment
URL	https://www.nber.org/papers/w25722
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583396
推荐引用方式 GB/T 7714	Sébastien Houde,Erica Myers. Heterogeneous (Mis-) Perceptions of Energy Costs: Implications for Measurement and Policy Design. 2019.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w25722.pdf（984KB）	智库出版物		限制开放	CC BY-NC-SA	浏览