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DOI | 10.1016/j.enpol.2019.111181 |
Consumer purchases of energy-efficient cars: How different labelling schemes could affect consumer response to price changes | |
Galarraga I.; Kallbekken S.; Silvestri A. | |
发表日期 | 2020 |
ISSN | 0301-4215 |
卷号 | 137 |
英文摘要 | Improved energy efficiency can help reduce pollution, contribute to energy security, and help consumers save money. This paper explores energy labelling schemes as a policy instrument for promoting energy-efficient cars in Spain. Specifically, it explores consumer responses to changes in vehicle prices. We derive the demand responses for two different efficiency labelling schemes: absolute and relative. To that end, we calculate own- and cross-price elasticities of demand for cars with efficiency labels on the Spanish car market. The results show that the elasticities for more efficient cars are in general higher. However, in the specific case of sedans, the elasticities depend on assumptions about how consumers decide which car to purchase. If consumers are concerned about the absolute energy performance of cars independently of other attributes, and thus pay attention to absolute labelling, demand for more efficient cars is more elastic than demand for less efficient cars. If consumers choose the car segment first and then the energy performance, using the relative label, the opposite result is found. The results suggest that both relative and absolute labelling schemes can be useful, depending on how consumers make their decisions. It might also be possible to design a mixed system. © 2019 Elsevier Ltd |
英文关键词 | Car segments; Energy efficiency; Labelling; Price elasticities of demand |
语种 | 英语 |
scopus关键词 | Elasticity; Energy efficiency; Energy security; Labeling; Labels; Purchasing; Consumer purchase; Consumer Response; Cross-price elasticity; Energy labelling; Energy performance; Labelling schemes; Policy instruments; Price elasticity; Vehicle performance; car ownership; consumption behavior; decision making; demand elasticity; energy efficiency; market conditions; Spain |
来源期刊 | Energy policy
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/124880 |
作者单位 | Basque Centre for Climate Change (BC3), Alameda Urquijo 4, 4a, Bilbao, 48008, Spain; Economics for Energy, Doutor Cadaval 2, 3E, Vigo, 36202, Spain; CICERO Center for International Climate and Environmental Research – Oslo, Blindern, PO Box 1129, Oslo, 0318, Norway |
推荐引用方式 GB/T 7714 | Galarraga I.,Kallbekken S.,Silvestri A.. Consumer purchases of energy-efficient cars: How different labelling schemes could affect consumer response to price changes[J],2020,137. |
APA | Galarraga I.,Kallbekken S.,&Silvestri A..(2020).Consumer purchases of energy-efficient cars: How different labelling schemes could affect consumer response to price changes.Energy policy,137. |
MLA | Galarraga I.,et al."Consumer purchases of energy-efficient cars: How different labelling schemes could affect consumer response to price changes".Energy policy 137(2020). |
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