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Why transaction costs do not decrease over time? A case study of energy efficiency programmes in Czechia

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  • Valentová, Michaela
  • Horák, Martin
  • Dvořáček, Lukáš

Abstract

Transaction costs have a negative impact on the implementation and effectiveness of energy efficiency policies, while they remain rarely systematically tracked and evaluated. Transaction costs should decrease over time, thanks to the ageing of the policy (and the effects of learning) and the prevalence of initial, fixed costs. However, we find that the opposite may be true.

Suggested Citation

  • Valentová, Michaela & Horák, Martin & Dvořáček, Lukáš, 2020. "Why transaction costs do not decrease over time? A case study of energy efficiency programmes in Czechia," Energy Policy, Elsevier, vol. 147(C).
    • Handle: RePEc:eee:enepol:v:147:y:2020:i:c:s0301421520305875
    DOI: 10.1016/j.enpol.2020.111871
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    References listed on IDEAS

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