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Journal article

Willingness to pay for energy-saving measures in residential buildings

  • Banfi, Silvia Department of Management Technology and Economics, ETH Zurich, Switzerland
  • Farsi, Mehdi Department of Management Technology and Economics, ETH Zurich, Switzerland
  • Filippini, Massimo Istituto microeconomia e economia pubblica (MecoP), Facoltà di scienze economiche, Università della Svizzera
  • italiana, Svizzera
  • Jakob, Martin Department of Management Technology and Economics, ETH Zurich, Switzerland
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    2008
Published in:
  • Energy Economics. - Elsevier BV. - 2008, vol. 30, no. 2, p. 503-516
Energy efficiency
energy saving
choice experiment
conjoint analysis
discrete choice
housing
fixed effect logit
English This paper uses a choice experiment to evaluate the consumers' willingness to pay for energy-saving measures in Switzerland's residential buildings. These measures include air renewal (ventilation) systems and insulation of windows and facades. Two groups of respondents consisting respectively of 163 apartment tenants and 142 house owners were asked to choose between their housing status quo and each one of the several hypothetical situations with different attributes and prices. The estimation method is based on a fixed effects logit model. The results suggest that the benefits of the energysaving attributes are significantly valued by the consumers. These benefits include both individual energy savings and environmental benefits as well as comfort benefits namely, thermal comfort, air quality and noise protection.
Language
  • English
Classification
Economics
License
License undefined
Open access status
green
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https://n2t.net/ark:/12658/srd1318051
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