Paternalism and Energy Efficiency: An Overview

Posted: 18 Nov 2016

Multiple version iconThere are 2 versions of this paper

Date Written: October 2016

Abstract

This article provides an overview of the application of behavioral public economics to energy efficiency. I document policy makers' arguments for “paternalistic” energy efficiency policies, formalize with a simple model of misoptimizing consumers, review and critique empirical evidence, and suggest future research directions. Although empirical results suggest that policies to address imperfect information and internalities may increase welfare in some cases, some existing policies may be mistargeted or miscalibrated.

Suggested Citation

Allcott, Hunt, Paternalism and Energy Efficiency: An Overview (October 2016). Annual Review of Economics, Vol. 8, pp. 145-176, 2016, Available at SSRN: https://ssrn.com/abstract=2870847 or http://dx.doi.org/10.1146/annurev-economics-080315-015255

Hunt Allcott (Contact Author)

New York University (NYU) ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

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