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- W2010402595 abstract "This paper analyzes a consumer's choice between a high-efficiency and a low-efficiency version of an energy-using durable when the expected lifetimes of the two versions differ. A (small) difference in expected lifetimes may induce entirely different implications for the behavior of a cost minimizing consumer, as compared to the case with equal expected lifetimes. The result supplements the explanations for the extremely high discount rates that have been reported for energy efficiency investments. We also provide sufficient conditions for the existence of a reservation property, both in the case of deterministic and of random lifetimes." @default.
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- W2010402595 title "A note on the energy-efficiency investments of an expected cost minimizer" @default.
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- W2010402595 doi "https://doi.org/10.1016/s0928-7655(97)00038-9" @default.
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