The adoption of energy innovations: Imperfect information, network infrastructure, and intertemporal preferences
Responsable du projet Bruno Lanz
Résumé This proposal describes a research program focusing on the adoption of energy efficient technologies. Through three projects, I provide novel evidence on behavioral barriers to technology adoption, and derive insights on how policies can be designed to mitigate these barriers. First, I study investments in buildings energy efficiency, emphasizing a problem of asymmetric information between buyers and sellers, which induces an inefficiently low level of adoption. I apply theory and experimental methods developed in the general context of credence goods, and document how addressing the information problem can improve the effectiveness of traditional policies (such as subsidies offered through the Programme Bâtiment in Switzerland). Second, I provide empirical evidence on the role of network infrastructure for the adoption of electric vehicles. This project exploits 2010-2015 data from Norway, which experienced rapid deployment of this technology, and enables me to quantify the extent to which the provision of public charging stations affects the market share of electric vehicles. Given the high energy efficiency of electric motors and the large hydroelectric resources available in Switzerland, electric vehicles provide a promising avenue for the future development of mobility in Switzerland. Third, I study how individuals make intertemporal tradeoffs, which is one of the key drivers of investment behavior in general, and of the adoption of energy efficient technologies in particular. This contribution provides novel evidence on time preferences, and will thereby inform the design of policies affecting initial spending on efficient technologies vs. cost savings associated with lower fuel use later in the future. Taken together, results from this program will directly contribute to the formulation of effective policies incentivizing the adoption of new energy technologies, thereby inducing a large-scale change in behavior corresponding to the ambitious 2050 energy strategy of Switzerland.
Mots-clés Energy economics; Behavioral economics; Information economics; Experimental economics; Environmental economics; Public economics; Policy design; Sustainability; Energy use; Technology adoption; Social change
Type de projet Recherche appliquée
Domaine de recherche Applied Economics
Source de financement SNSF
Etat En cours
Début de projet 10-2017
Fin du projet 9-2021
Budget alloué 592'386
Contact Bruno Lanz