Publication type: | Article in scientific journal |
Type of review: | Peer review (publication) |
Title: | Energy efficiency subsidies, additionality and incentive compatibility under hidden information |
Authors: | Shen, Peiyao Betz, Regina Yong, Soo Keong |
et. al: | Yes |
DOI: | 10.1007/s12053-018-9745-2 |
Published in: | Energy Efficiency |
Volume(Issue): | 12 |
Issue: | 6 |
Page(s): | 1429 |
Pages to: | 1442 |
Issue Date: | 9-Nov-2018 |
Publisher / Ed. Institution: | Springer |
ISSN: | 1570-646X 1570-6478 |
Language: | English |
Subjects: | Additionality; Energy efficiency policy; Energy efficiency subsidy; Hidden information |
Subject (DDC): | 333.79: Energy |
Abstract: | This paper examines the ‘additionality’ of energy savings in energy efficiency subsidy programs. ‘Additionality’ refers to the energy savings caused by actions beyond what would have occurred in the absence of the policy program. We characterise energy consumers’ strategic response to the subsidies in a formal adverse selection model and show how the subsidy program may fail to satisfy the additionality criterion. This occurs when energy consumers, who partake in the program, have different preferences for energy efficiency technologies that are unobservable. To resolve this, we propose an incentive compatible solution within the subsidy program that can mitigate the non-additionality problem and improve the effectiveness of the scheme. |
URI: | https://digitalcollection.zhaw.ch/handle/11475/18404 |
Fulltext version: | Published version |
License (according to publishing contract): | Licence according to publishing contract |
Departement: | School of Management and Law |
Organisational Unit: | Center for Energy and Environment (CEE) |
Appears in collections: | Publikationen School of Management and Law |
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Shen, P., Betz, R., & Yong, S. K. (2018). Energy efficiency subsidies, additionality and incentive compatibility under hidden information. Energy Efficiency, 12(6), 1429–1442. https://doi.org/10.1007/s12053-018-9745-2
Shen, P., Betz, R. and Yong, S.K. (2018) ‘Energy efficiency subsidies, additionality and incentive compatibility under hidden information’, Energy Efficiency, 12(6), pp. 1429–1442. Available at: https://doi.org/10.1007/s12053-018-9745-2.
P. Shen, R. Betz, and S. K. Yong, “Energy efficiency subsidies, additionality and incentive compatibility under hidden information,” Energy Efficiency, vol. 12, no. 6, pp. 1429–1442, Nov. 2018, doi: 10.1007/s12053-018-9745-2.
SHEN, Peiyao, Regina BETZ und Soo Keong YONG, 2018. Energy efficiency subsidies, additionality and incentive compatibility under hidden information. Energy Efficiency. 9 November 2018. Bd. 12, Nr. 6, S. 1429–1442. DOI 10.1007/s12053-018-9745-2
Shen, Peiyao, Regina Betz, and Soo Keong Yong. 2018. “Energy Efficiency Subsidies, Additionality and Incentive Compatibility under Hidden Information.” Energy Efficiency 12 (6): 1429–42. https://doi.org/10.1007/s12053-018-9745-2.
Shen, Peiyao, et al. “Energy Efficiency Subsidies, Additionality and Incentive Compatibility under Hidden Information.” Energy Efficiency, vol. 12, no. 6, Nov. 2018, pp. 1429–42, https://doi.org/10.1007/s12053-018-9745-2.
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