Consumers’ Preference and Willingness to Pay for Energy Efficiency Labels

نویسندگان

چکیده

Appliance energy labels are gaining global recognition as policymakers increasingly prioritize measures to enhance efficiency and reduce carbon emissions. They serve effective tools in encouraging consumers choose appliances that more energy-efficient. This study investigated consumer preferences their willingness pay (WTP) for on rice cooker specifically. The data was surveyed through a choice experiment analyzed using conditional logit (CL) models. findings of the revealed signs all attributes (energy level, size, warranty period, design, price) expected, highly significant expect SIZE2 WARR2. Furthermore, WTP analysis conducted each attribute, highlighting valued improvements most. values were estimated at CNY1091.95 (USD163) level 1. These have policy implications both labeling programs home appliance manufacturers.

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ژورنال

عنوان ژورنال: International journal of academic research in business & social sciences

سال: 2023

ISSN: ['2308-3816', '2222-6990']

DOI: https://doi.org/10.6007/ijarbss/v13-i8/17650