Individual Time Preferences and Energy Efficiency
نویسندگان
چکیده
منابع مشابه
Politics shapes individual choices about energy efficiency.
Addressing climate change effectively will require policy actions by both government and the private sector. However, individuals’ actions matter as well. Individuals’ consumption decisions can significantly reduce greenhouse gas emissions (1) and political support from citizens is necessary (although not sufficient) for implementing policy. Until now, most researchhas treated environmentally s...
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We consider an exchange economy with time-inconsistent consumers whose preferences are additively separable. When these consumers trade in a sequence of markets, their time-inconsistency may introduce a non-convexity that gives them an incentive to trade lotteries. If there are many consumers, competitive equilibria with and without lotteries exist. The existence of symmetric equilibria may req...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2015
ISSN: 0002-8282
DOI: 10.1257/aer.p20151010