Abstract

http://ssrn.com/abstract=2111450
 
 

Citations (1)



 
 

Footnotes (6)



 


 



Overriding Consumer Preferences with Energy Regulations


Ted Gayer


Brookings Institution

W. Kip Viscusi


Vanderbilt University - Law School; National Bureau of Economic Research (NBER); Vanderbilt University - Department of Economics; Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - Strategy and Business Economics

July 17, 2012

Vanderbilt Law and Economics Research Paper No. 12-24
PERC Research Paper No. 12/13

Abstract:     
This paper examines the economic justification for recent U.S. energy regulations proposed or enacted by the U.S. Department of Energy, the U.S. Department of Transportation, and the U.S. Environmental Protection Agency. The case studies include mileage requirements for motor vehicles and energy-efficiency standards for clothes dryers, room air conditioners, and light bulbs. The main findings are that the standards have a negligible effect on greenhouse gases and the preponderance of the estimated benefits stems from private benefits to consumers, based on the regulators' presumption of consumer irrationality.

Number of Pages in PDF File: 48

Keywords: energy regulations, cost-benefit analysis, behavioral economics, consumer choice, climate policy, energy efficiency standards

JEL Classification: Q4, Q48, Q5, Q54

working papers series





Download This Paper

Date posted: July 18, 2012 ; Last revised: November 27, 2012

Suggested Citation

Gayer, Ted and Viscusi, W. Kip, Overriding Consumer Preferences with Energy Regulations (July 17, 2012). Vanderbilt Law and Economics Research Paper No. 12-24; PERC Research Paper No. 12/13. Available at SSRN: http://ssrn.com/abstract=2111450 or http://dx.doi.org/10.2139/ssrn.2111450

Contact Information

Ted Gayer (Contact Author)
Brookings Institution ( email )
1775 Massachusetts Ave, NW
Washington, DC 20036
United States
W. Kip Viscusi
Vanderbilt University - Law School ( email )
131 21st Avenue South
Nashville, TN 37203-1181
United States
615-343-7715 (Phone)
615-322-5953 (Fax)
HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Vanderbilt University - Department of Economics
Box 1819 Station B
Nashville, TN 37235
United States
(615) 343-7715 (Phone)
(615) 343-5953 (Fax)
HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm
Vanderbilt University - Owen Graduate School of Management
401 21st Avenue South
Nashville, TN 37203
United States
(615) 343-7715 (Phone)
(615) 343-5953 (Fax)
HOME PAGE: http://law.vanderbilt.edu/faculty/viscusi.htm
Vanderbilt University - Strategy and Business Economics ( email )
Nashville, TN 37203
United States

Feedback to SSRN


Paper statistics
Abstract Views: 2,265
Downloads: 209
Download Rank: 85,297
Citations:  1
Footnotes:  6

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.437 seconds