Evaluating the Role of Energy Efficiency Labels: the Case of Dish Washers
AbstractThis article uses the hedonic approach to estimate how much is paid for the energy efficiency label on the dishwasher market in Spain. The estimated figure is 15.6% of the final price. This accounts for about 80â‚¬ of the average price. We use this estimate combined with a demand systems to obtain own and cross price elasticities of demand, vital for policy designing and analysis. This is done by combining the use of the estimate with the Quantity Based Demand System (QBDS) model to completely determine the demand function for different dishwashers. Finally, the elasticity results are compared with the figure calculated using the Linear Almost Ideal Demand System (LA/AIDS). The comparison of the results confirms that the QBDS model is easier to handle and less data demanding than the LA/AIDS model but provide reliable estimates of demand elasticities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by BC3 in its series Working Papers with number 2010-06.
Date of creation: Apr 2010
Date of revision:
Publication status: Published
Contact details of provider:
Web page: http://www.bc3research.org/
demand systems; hedonic method; energy efficiency labelling; household appliances (dishwashers);
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergio Faria).
If references are entirely missing, you can add them using this form.