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Replication data for: Evaluating Behaviorally Motivated Policy: Experimental Evidence from the Lightbulb Market

Version
1
Resource Type
Dataset
Creator
  • Allcott, Hunt
  • Taubinsky, Dmitry
Publication Date
2015-08-01
Description
  • Abstract

    Imperfect information and inattention to energy costs are important potential motivations for energy efficiency standards and subsidies. We evaluate these motivations in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of reduced-form sufficient statistics capturing economic and psychological parameters, which we estimate using a novel within-subject information disclosure experiment. The main results suggest that moderate subsidies for energy-efficient lightbulbs may increase welfare, but informational and attentional biases alone do not justify a ban on incandescent lightbulbs. Our results and techniques generate broader methodological insights into welfare analysis with misoptimizing consumers. (JEL D12, D83, H21, H31, L67, Q41, Q48)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20131564 (Text)
Publications
  • Allcott, Hunt, and Dmitry Taubinsky. “Evaluating Behaviorally Motivated Policy: Experimental Evidence from the Lightbulb Market.” American Economic Review 105, no. 8 (August 2015): 2501–38. https://doi.org/10.1257/aer.20131564.
    • ID: 10.1257/aer.20131564 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Allcott, Hunt; Taubinsky, Dmitry (2015): Replication data for: Evaluating Behaviorally Motivated Policy: Experimental Evidence from the Lightbulb Market. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112964V1