BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20230326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20231029T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20230620T121500
DTEND;TZID=Europe/Helsinki:20230620T121500
DTSTAMP:20260711T053349
CREATED:20230524T070639Z
LAST-MODIFIED:20241104T133037Z
UID:14998-1687263300-1687263300@crest.science
SUMMARY:Xiaobing ZHANG (DTU University) - "Consumers myopia and energy efficiency gap in China: Evidence from the air conditioner market"
DESCRIPTION:Applied Micro Seminar : Every Tuesday \nTime: 12:15 pm – 13:30 pm\nDate: 20th of June\nRoom : 3001 \n  \nXiaobing ZHANG (DTU University) – Consumers myopia and energy efficiency gap in China: Evidence from the air conditioner market \n  \nAbstract : \nAs one of the most common adaptation or coping strategies to a warming world\, air conditioning consumes large amount of energy and thus the adoption of energy-efficient air conditioners (ACs) has important implications in energy-saving and emission reduction. This paper investigates consumers’ tradeoff decision between capital upfront costs and future energy costs in the choice of ACs\, using product-level data from the AC market in China for 295 cities from 2013 to 2018. The results show that the Chinese consumers are myopic in the choice of ACs\, with an implicit discount rate of around 39%\, indicating that consumers heavily undervalue the energy costs and there is an energy efficiency gap in AC adoption in China. Besides\, the implicit discount rates are found lower for consumers in cities with higher per-capita GDP\, higher education\, and smaller household size. On average\, myopia leads to an increase in energy consumption by around 12% and a welfare loss of 57.6 Yuan for each consumer in the Chinese AC market. \n  \n  \nOrganizers:\nBenoît SCHMUTZ (Pôle d’économie du CREST)\nRoland RATHELOT (Pôle d’économie du CREST)\nSponsors:\nCREST \n
URL:https://crest.science/event/xiaobing-zhang-dtu-university-to-be-announced/
CATEGORIES:Applied Seminar,Economics,Microeconometrics,Seminars
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR