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Cost‐Effectiveness Of Conservation Programs: The Hood River Experiment

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  • MUHANNAD KHAWAJA
  • THOMAS R POTIOWSKY
  • H. GIL PEACH

Abstract

Economic cost‐effectiveness analysis is a systematic approach to assessing benefits and costs associated with different actions. This analysis, as applied to energy conservation programs, is complicated greatly by the existence of intangible benefits and costs. A further complication occurs when the input values are uncertain. Such inputs include the useful lives of measures installed, the appropriate discount rate, and the expected levels of savings. This paper shows how one can incorporate input uncertainty and some intangibles into the cost‐effectiveness analysis calculations. The Hood River Conservation Experiment provides the framework for analyzing these issues and serves as a pilot program for future conservation implementation.

Suggested Citation

  • Muhannad Khawaja & Thomas R Potiowsky & H. Gil Peach, 1990. "Cost‐Effectiveness Of Conservation Programs: The Hood River Experiment," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 174-184, July.
    • Handle: RePEc:bla:coecpo:v:8:y:1990:i:3:p:174-184
    DOI: 10.1111/j.1465-7287.1990.tb00652.x
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    References listed on IDEAS

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    1. Houston, Douglas A, 1983. "Implicit Discount Rates and the Purchase of Untried, Energy-Saving Durable Goods," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 10(2), pages 236-246, September.
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    Cited by:

    1. Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.

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