Input Efficiency as a Solution to Externalities and Resource Scarcity: A Randomized Controlled Trial
Loading...
Links to Files
Permanent Link
Author/Creator
Author/Creator ORCID
Date
2023-04-17
Type of Work
Department
Program
Citation of Original Publication
Alpizar, Francisco, Maria Bernedo del Carpio, and Paul J Ferraro. "Input Efficiency as a Solution to Externalities and Resource Scarcity: A Randomized Controlled Trial" Journal of the Association of Environmental and Resource Economists (17 April, 2023). https://doi.org/10.1086/725700.
Rights
This item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
Access to this item will begin on 04/17/2024
Access to this item will begin on 04/17/2024
Subjects
Abstract
Resource-conserving technologies are widely reported to benefit
both the people who adopt them and the environment. Evidence
for these “win-win” claims comes largely from modeling or nonexperimental designs, and mostly from the energy sector. In a randomized trial of water-efficient technologies, the ex-ante engineering estimate of water use reductions was three times higher than
the experimental estimate, a divergence arising from engineering
and behavioral reasons other than the rebound effect. Using detailed cost information and experimentally elicited time and risk
preferences, we infer that the private welfare gains from adoption
are, on average, negative, implying no “efficiency paradox”.