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The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings

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Cited by:

  1. Pereira, Guillermo Ivan & Niesten, Eva & Pinkse, Jonatan, 2022. "Sustainable energy systems in the making: A study on business model adaptation in incumbent utilities," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
  2. Lone Werner & Bert Scholtens, 2017. "Firm Type, Feed-in Tariff, and Wind Energy Investment in Germany: An Investigation of Decision Making Factors of Energy Producers Regarding Investing in Wind Energy Capacity," Journal of Industrial Ecology, Yale University, vol. 21(2), pages 402-411, April.
  3. Jenner, Steffen & Groba, Felix & Indvik, Joe, 2013. "Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries," Energy Policy, Elsevier, vol. 52(C), pages 385-401.
  4. Zheng, Xiaotian & Zhou, Youcheng & Iqbal, Sajid, 2022. "Working capital management of SMEs in COVID-19: role of managerial personality traits and overconfidence behavior," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 439-451.
  5. Ye, Fanglin & Paulson, Nicholas & Khanna, Madhu, 2022. "Are renewable energy policies effective to promote technological change? The role of induced technological risk," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
  6. Dinya, László, 2015. "Innovative Method Of Regional Sustainable Energy Strategies," Journal of Central European Green Innovation, Karoly Robert University College, vol. 3(Thematic ), pages 1-13.
  7. Bean, Patrick & Blazquez, Jorge & Nezamuddin, Nora, 2017. "Assessing the cost of renewable energy policy options – A Spanish wind case study," Renewable Energy, Elsevier, vol. 103(C), pages 180-186.
  8. Ohlendorf, Nils & Flachsland, Christian & Nemet, Gregory F. & Steckel, Jan Christoph, 2022. "Carbon price floors and low-carbon investment: A survey of German firms," Energy Policy, Elsevier, vol. 169(C).
  9. Wang, Baixun & Zhao, Wenjuan, 2022. "Interplay of renewable energy investment efficiency, shareholder control and green financial development in China," Renewable Energy, Elsevier, vol. 199(C), pages 192-203.
  10. Polzin, Friedemann & Migendt, Michael & Täube, Florian A. & von Flotow, Paschen, 2015. "Public policy influence on renewable energy investments—A panel data study across OECD countries," Energy Policy, Elsevier, vol. 80(C), pages 98-111.
  11. Ribeiro, Fernando & Ferreira, Paula & Araújo, Madalena, 2013. "Evaluating future scenarios for the power generation sector using a Multi-Criteria Decision Analysis (MCDA) tool: The Portuguese case," Energy, Elsevier, vol. 52(C), pages 126-136.
  12. Ekaterina V. Nezhnikova & Irina V. Okhremenko & Oksana V. Papelniuk, 2018. "Investigation of the Features of Investment in the Development of Renewable Energy Sources: Main Consumers, Legal Regulation, Equipment, Rates and Delivery," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 178-186.
  13. Clodnițchi Roxana & Chinie Alexandra Cătălina, 2015. "Factors of impact on the evolution of electricity markets from renewable energy sources: a comparison between Romania and Germany," Management & Marketing, Sciendo, vol. 10(1), pages 34-52, June.
  14. Zhaoxia Wang & Yan Ding & Huiyan Deng & Fan Yang & Neng Zhu, 2018. "An Occupant-Oriented Calculation Method of Building Interior Cooling Load Design," Sustainability, MDPI, vol. 10(6), pages 1-29, May.
  15. Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.
  16. Bucher, R. & Jeffrey, H. & Bryden, I.G. & Harrison, G.P., 2016. "Creation of investor confidence: The top-level drivers for reaching maturity in marine energy," Renewable Energy, Elsevier, vol. 88(C), pages 120-129.
  17. Alexandros Flamos, 2016. "A Sectoral Micro-Economic Approach to Scenario Selection and Development: The Case of the Greek Power Sector," Energies, MDPI, vol. 9(2), pages 1-12, January.
  18. Petrovich, Beatrice & Carattini, Stefano & Wüstenhagen, Rolf, 2021. "The price of risk in residential solar investments," Ecological Economics, Elsevier, vol. 180(C).
  19. Vindel, José M. & Trincado, Estrella, 2021. "Viability assessment of algal wastewater treatment projects under outdoor conditions based on algal productivity and nutrient removal rate," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
  20. Indora, Sunil & Kandpal, Tara C., 2018. "Institutional cooking with solar energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 84(C), pages 131-154.
  21. Naief A. Aldossary & Abdulaziz A. Alzahrani & Jamal K. Alghamdi & Ali Alqahtany & Rehan Jamil & Saleh H. Alyami, 2022. "A Procedural Framework to Identify Critical Indicators for the Protection of Environment and Ecosystem during Sustainable Urban Development in South-Western Saudi Arabia," Sustainability, MDPI, vol. 15(1), pages 1-18, December.
  22. García-Álvarez, María Teresa & Cabeza-García, Laura & Soares, Isabel, 2018. "Assessment of energy policies to promote photovoltaic generation in the European Union," Energy, Elsevier, vol. 151(C), pages 864-874.
  23. Ming, Zeng & Ximei, Liu & Yulong, Li & Lilin, Peng, 2014. "Review of renewable energy investment and financing in China: Status, mode, issues and countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 23-37.
  24. Can Şener, Şerife Elif & Sharp, Julia L. & Anctil, Annick, 2018. "Factors impacting diverging paths of renewable energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2335-2342.
  25. Lüthi, Sonja & Wüstenhagen, Rolf, 2012. "The price of policy risk — Empirical insights from choice experiments with European photovoltaic project developers," Energy Economics, Elsevier, vol. 34(4), pages 1001-1011.
  26. Dirk Johan van Vuuren & Annlizé L. Marnewick & Jan Harm C. Pretorius, 2021. "A Financial Evaluation of a Multiple Inclination, Rooftop-Mounted, Photovoltaic System Where Structured Tariffs Apply: A Case Study of a South African Shopping Centre," Energies, MDPI, vol. 14(6), pages 1-26, March.
  27. Kowalska-Pyzalska, Anna, 2018. "What makes consumers adopt to innovative energy services in the energy market? A review of incentives and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3570-3581.
  28. Xenia Tabachkova, 2021. "Consequences of Oil Supply and Demand on the Electricity Market: Coronavirus Effect," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 573-580.
  29. Basher, Syed Abul & Masini, Andrea & Aflaki, Sam, 2015. "Time series properties of the renewable energy diffusion process: Implications for energy policy design and assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1680-1692.
  30. Ekaterina S. Bjornali & Ferran Giones & Anders Billstrom, 2017. "Reveal or Conceal? Signaling Strategies for Building Legitimacy in Cleantech Firms," Sustainability, MDPI, vol. 9(10), pages 1-19, October.
  31. Giulia Sonetti & Martin Brown & Emanuele Naboni, 2019. "About the Triggering of UN Sustainable Development Goals and Regenerative Sustainability in Higher Education," Sustainability, MDPI, vol. 11(1), pages 1-17, January.
  32. Kërçi, Taulant & Tzounas, Georgios & Milano, Federico, 2022. "A dynamic behavioral model of the long-term development of solar photovoltaic generation driven by feed-in tariffs," Energy, Elsevier, vol. 256(C).
  33. Leete, Simeon & Xu, Jingjing & Wheeler, David, 2013. "Investment barriers and incentives for marine renewable energy in the UK: An analysis of investor preferences," Energy Policy, Elsevier, vol. 60(C), pages 866-875.
  34. Sam Aflaki & Syed Abul Basher & Andrea Masini, 2015. "Does Economic Growth Matter? Technology-Push, Demand-Pull and Endogenous Drivers of Innovation in the Renewable Energy Industry," Working Papers hal-02011423, HAL.
  35. Yilmaz Yildiz & Mehmet Baha Karan, 2020. "Environmental policies, national culture, and stock price crash risk: Evidence from renewable energy firms," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2374-2391, September.
  36. Blondiau, Yuliya & Reuter, Emmanuelle, 2019. "Why is the grass greener on the other side? Decision modes and location choice by wind energy investors," Journal of Business Research, Elsevier, vol. 102(C), pages 44-55.
  37. Ngan, Sue Lin & How, Bing Shen & Teng, Sin Yong & Leong, Wei Dong & Loy, Adrian Chun Minh & Yatim, Puan & Promentilla, Michael Angelo B. & Lam, Hon Loong, 2020. "A hybrid approach to prioritize risk mitigation strategies for biomass polygeneration systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 121(C).
  38. Claudio Agostini & Shahriyar Nasirov & Carlos Silva, 2015. "Investors perspectives on barriers to renewables deployment in Chile," Working Papers wp_044, Adolfo Ibáñez University, School of Government.
  39. Muhammad Danish & Saqib Ali & Muhammad Azeem Ahmad & Hasan Zahid, 2019. "The Influencing Factors on Choice Behavior Regarding Green Electronic Products: Based on the Green Perceived Value Model," Economies, MDPI, vol. 7(4), pages 1-18, October.
  40. Egli, Florian, 2020. "Renewable energy investment risk: An investigation of changes over time and the underlying drivers," Energy Policy, Elsevier, vol. 140(C).
  41. Daugaard, Dan & Kent, Danielle & Servátka, Maroš & Zhang, Le, 2023. "Optimistic framing increases responsible investment of investment professionals," MPRA Paper 119677, University Library of Munich, Germany.
  42. Xie, Li & Li, Zexin & Ye, Xiuhua & Jiang, Yanru, 2021. "Environmental regulation and energy investment structure: Empirical evidence from China's power industry," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
  43. Mignon, Ingrid & Bergek, Anna, 2016. "Investments in renewable electricity production: The importance of policy revisited," Renewable Energy, Elsevier, vol. 88(C), pages 307-316.
  44. Wang, Chaofan & Wang, Yilan & Zhao, Yujia & Shuai, Jing & Shuai, Chuanmin & Cheng, Xin, 2023. "Cognition process and influencing factors of rural residents' adoption willingness for solar PV poverty alleviation projects: Evidence from a mixed methodology in rural China," Energy, Elsevier, vol. 271(C).
  45. Magoua, Joseph Jonathan & Li, Nan, 2023. "The human factor in the disaster resilience modeling of critical infrastructure systems," Reliability Engineering and System Safety, Elsevier, vol. 232(C).
  46. Bauwens, Thomas, 2019. "Analyzing the determinants of the size of investments by community renewable energy members: Findings and policy implications from Flanders," Energy Policy, Elsevier, vol. 129(C), pages 841-852.
  47. Schmid, Eva & Pahle, Michael & Knopf, Brigitte, 2013. "Renewable electricity generation in Germany: A meta-analysis of mitigation scenarios," Energy Policy, Elsevier, vol. 61(C), pages 1151-1163.
  48. Sotiris Papadelis & Vasssilis Stavrakas & Alexandros Flamos, 2016. "What Do Capacity Deployment Rates Tell Us about the Efficiency of Electricity Generation from Renewable Energy Sources Support Measures in Greece?," Energies, MDPI, vol. 9(1), pages 1-16, January.
  49. Taedong Lee, 2021. "Financial investment for the development of renewable energy capacity," Energy & Environment, , vol. 32(6), pages 1103-1116, September.
  50. Romano, Antonio Angelo & Scandurra, Giuseppe, 2013. "Investments in renewable energy sources in OPEC members: a dynamic panel approach," MPRA Paper 50870, University Library of Munich, Germany.
  51. John Foster & Liam Wagner, 2014. "International experience with transformations in electricity markets: A Short Literature Review," Energy Economics and Management Group Working Papers 2-2014, School of Economics, University of Queensland, Australia.
  52. Ilbahar, Esra & Kahraman, Cengiz & Cebi, Selcuk, 2022. "Risk assessment of renewable energy investments: A modified failure mode and effect analysis based on prospect theory and intuitionistic fuzzy AHP," Energy, Elsevier, vol. 239(PA).
  53. del Río, Pablo & Cerdá, Emilio, 2014. "The policy implications of the different interpretations of the cost-effectiveness of renewable electricity support," Energy Policy, Elsevier, vol. 64(C), pages 364-372.
  54. Korcaj, Liridon & Hahnel, Ulf J.J. & Spada, Hans, 2015. "Intentions to adopt photovoltaic systems depend on homeowners' expected personal gains and behavior of peers," Renewable Energy, Elsevier, vol. 75(C), pages 407-415.
  55. Chang, Kai & Zeng, Yonghong & Wang, Weihong & Wu, Xin, 2019. "The effects of credit policy and financial constraints on tangible and research & development investment: Firm-level evidence from China's renewable energy industry," Energy Policy, Elsevier, vol. 130(C), pages 438-447.
  56. Anna Kowalska-Pyzalska, 2016. "What makes consumers adopt to innovative energy services in the energy market?," HSC Research Reports HSC/16/09, Hugo Steinhaus Center, Wroclaw University of Technology.
  57. Díaz, Antonio & Escribano, Ana, 2021. "Sustainability premium in energy bonds," Energy Economics, Elsevier, vol. 95(C).
  58. García-Álvarez, María Teresa & Cabeza-García, Laura & Soares, Isabel, 2017. "Analysis of the promotion of onshore wind energy in the EU: Feed-in tariff or renewable portfolio standard?," Renewable Energy, Elsevier, vol. 111(C), pages 256-264.
  59. Modhurima Dey Amin & Syed Badruddoza & Jill J. McCluskey, 2021. "Does conventional energy pricing induce innovation in renewable energy? New evidence from a nonlinear approach," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 659-679, June.
  60. Lim, Sesil & Huh, Sung-Yoon & Shin, Jungwoo & Lee, Jongsu & Lee, Yong-Gil, 2019. "Enhancing public acceptance of renewable heat obligation policies in South Korea: Consumer preferences and policy implications," Energy Economics, Elsevier, vol. 81(C), pages 1167-1177.
  61. del Río, Pablo & Bleda, Mercedes, 2012. "Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach," Energy Policy, Elsevier, vol. 50(C), pages 272-282.
  62. Niesten, Eva & Jolink, Albert & Chappin, Maryse, 2018. "Investments in the Dutch onshore wind energy industry: A review of investor profiles and the impact of renewable energy subsidies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2519-2525.
  63. Mazzucato, Mariana & Semieniuk, Gregor, 2018. "Financing renewable energy: Who is financing what and why it matters," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 8-22.
  64. Shrimali, Gireesh & Nelson, David & Goel, Shobhit & Konda, Charith & Kumar, Raj, 2013. "Renewable deployment in India: Financing costs and implications for policy," Energy Policy, Elsevier, vol. 62(C), pages 28-43.
  65. Darmani, Anna, 2015. "Renewable energy investors in Sweden: A cross-subsector analysis of dynamic capabilities," Utilities Policy, Elsevier, vol. 37(C), pages 46-57.
  66. Linnerud, Kristin & Holden, Erling, 2015. "Investment barriers under a renewable-electricity support scheme: Differences across investor types," Energy, Elsevier, vol. 87(C), pages 699-709.
  67. Lim, Xin-Le & Lam, Wei-Haur, 2014. "Public Acceptance of Marine Renewable Energy in Malaysia," Energy Policy, Elsevier, vol. 65(C), pages 16-26.
  68. MacDougall, Shelley L., 2015. "The value of delay in tidal energy development," Energy Policy, Elsevier, vol. 87(C), pages 438-446.
  69. Toka, Agorasti & Iakovou, Eleftherios & Vlachos, Dimitrios & Tsolakis, Naoum & Grigoriadou, Anastasia-Loukia, 2014. "Managing the diffusion of biomass in the residential energy sector: An illustrative real-world case study," Applied Energy, Elsevier, vol. 129(C), pages 56-69.
  70. Arnold, Uwe & Yildiz, Özgür, 2015. "Economic risk analysis of decentralized renewable energy infrastructures – A Monte Carlo Simulation approach," Renewable Energy, Elsevier, vol. 77(C), pages 227-239.
  71. Leszek Dziawgo, 2021. "Energy Sectors on Capital Market – Financing the Process “Towards Sustainability”," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 938-955.
  72. Ozorhon, Beliz & Batmaz, Arda & Caglayan, Semih, 2018. "Generating a framework to facilitate decision making in renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 217-226.
  73. F.H.J. Polzin & M.W.J.L. Sanders & Florian Täube, 2017. "A diverse and resilient financial system for investments in the energy transition," Working Papers 17-03, Utrecht School of Economics.
  74. Nagarajan Shanmugavel & Rema Rajendran, 2022. "Adoption of Rainwater Harvesting: a Dual-factor Approach by Integrating Theory of Planned Behaviour and Norm Activation Model," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 36(8), pages 2827-2845, June.
  75. Li, Huajiao & Fang, Wei & An, Haizhong & Yan, LiLi, 2014. "The shareholding similarity of the shareholders of the worldwide listed energy companies based on a two-mode primitive network and a one-mode derivative holding-based network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 415(C), pages 525-532.
  76. Shahriyar Nasirov & Carlos Silva & Claudio A. Agostini, 2015. "Investors’ Perspectives on Barriers to the Deployment of Renewable Energy Sources in Chile," Energies, MDPI, vol. 8(5), pages 1-21, April.
  77. Kariyawasam Galoluwage Madurika Nanayakkara & Sisira Colombage, 2021. "Does compliance with Green Bond Principles bring any benefit to make G20’s ‘Green economy plan’ a reality?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4257-4285, September.
  78. Darmani, Anna & Niesten, Eva & Hekkert, Marko, 2014. "Which Investors Drive the Development of Wind Energy?," INDEK Working Paper Series 2014/8, Royal Institute of Technology, Department of Industrial Economics and Management.
  79. Anna Kowalska-Pyzalska, 2018. "An empirical analysis of green energy adoption among residential consumers in Poland," HSC Research Reports HSC/18/01, Hugo Steinhaus Center, Wroclaw University of Technology.
  80. Sumit Kalyan & Qian (Chayn) Sun, 2022. "Interrogating the Installation Gap and Potential of Solar Photovoltaic Systems Using GIS and Deep Learning," Energies, MDPI, vol. 15(10), pages 1-21, May.
  81. Tao, Zhenmin & Moncada, Jorge Andrés & Poncelet, Kris & Delarue, Erik, 2021. "Review and analysis of investment decision making algorithms in long-term agent-based electric power system simulation models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 136(C).
  82. Corrocher, Nicoletta & Cappa, Elisabetta, 2020. "The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector," Energy Policy, Elsevier, vol. 147(C).
  83. Giones, Ferran & Brem, Alexander & Berger, Andreas, 2019. "Strategic decisions in turbulent times: Lessons from the energy industry," Business Horizons, Elsevier, vol. 62(2), pages 215-225.
  84. Grashof, Katherina, 2019. "Are auctions likely to deter community wind projects? And would this be problematic?," Energy Policy, Elsevier, vol. 125(C), pages 20-32.
  85. Giest, Sarah & Mukherjee, Ishani, 2018. "Behavioral instruments in renewable energy and the role of big data: A policy perspective," Energy Policy, Elsevier, vol. 123(C), pages 360-366.
  86. Yildiz, Özgür, 2014. "Financing renewable energy infrastructures via financial citizen participation – The case of Germany," Renewable Energy, Elsevier, vol. 68(C), pages 677-685.
  87. Ivan Udalov, 2021. "The Transition to Renewable Energy Sources as a Threat to Resource Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 460-467.
  88. Angelopoulos, Dimitrios & Doukas, Haris & Psarras, John & Stamtsis, Giorgos, 2017. "Risk-based analysis and policy implications for renewable energy investments in Greece," Energy Policy, Elsevier, vol. 105(C), pages 512-523.
  89. al Irsyad, Muhammad Indra & Halog, Anthony & Nepal, Rabindra, 2019. "Renewable energy projections for climate change mitigation: An analysis of uncertainty and errors," Renewable Energy, Elsevier, vol. 130(C), pages 536-546.
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  96. Salm, Sarah & Wüstenhagen, Rolf, 2018. "Dream team or strange bedfellows? Complementarities and differences between incumbent energy companies and institutional investors in Swiss hydropower," Energy Policy, Elsevier, vol. 121(C), pages 476-487.
  97. Jenkins, Lekelia Danielle & Dreyer, Stacia Jeanne & Polis, Hilary Jacqueline & Beaver, Ezra & Kowalski, Adam A. & Linder, Hannah L. & McMillin, Thomas Neal & McTiernan, Kaylie Laura & Rogier, Thea The, 2018. "Human dimensions of tidal energy: A review of theories and frameworks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 97(C), pages 323-337.
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  100. Ghorashi, Amir Hossein & Maranlou, Hadi, 2021. "Essential infrastructures and relevant policies for renewable energy developments in oil-rich developing countries: Case of Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 141(C).
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  105. Hennessey, Ryan & Pittman, Jeremy & Morand, Annette & Douglas, Allan, 2017. "Co-benefits of integrating climate change adaptation and mitigation in the Canadian energy sector," Energy Policy, Elsevier, vol. 111(C), pages 214-221.
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  110. Linnerud, Kristin & Simonsen, Morten, 2017. "Swedish-Norwegian tradable green certificates: Scheme design flaws and perceived investment barriers," Energy Policy, Elsevier, vol. 106(C), pages 560-578.
  111. Zhang, Xinhua & Yang, Hongming & Yu, Qian & Qiu, Jing & Zhang, Yongxi, 2018. "Analysis of carbon-abatement investment for thermal power market in carbon-dispatching mode and policy recommendations," Energy, Elsevier, vol. 149(C), pages 954-966.
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  113. Hall, Stephen & Roelich, Katy E. & Davis, Mark E. & Holstenkamp, Lars, 2018. "Finance and justice in low-carbon energy transitions," Applied Energy, Elsevier, vol. 222(C), pages 772-780.
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  115. Gliedt, Travis & Hoicka, Christina E., 2015. "Energy upgrades as financial or strategic investment? Energy Star property owners and managers improving building energy performance," Applied Energy, Elsevier, vol. 147(C), pages 430-443.
  116. Tsantopoulos, Georgios & Arabatzis, Garyfallos & Tampakis, Stilianos, 2014. "Public attitudes towards photovoltaic developments: Case study from Greece," Energy Policy, Elsevier, vol. 71(C), pages 94-106.
  117. Häckel, Björn & Pfosser, Stefan & Tränkler, Timm, 2017. "Explaining the energy efficiency gap - Expected Utility Theory versus Cumulative Prospect Theory," Energy Policy, Elsevier, vol. 111(C), pages 414-426.
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