Replication data for: Knowledge Is (Less) Power: Experimental Evidence from Residential Energy Use

Principal Investigator(s): View help for Principal Investigator(s) Katrina Jessoe; David Rapson

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Project Citation:

Jessoe, Katrina, and Rapson, David. Replication data for: Knowledge Is (Less) Power: Experimental Evidence from Residential Energy Use. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112760V1

Project Description

Summary: Imperfect information about product attributes inhibits efficiency in many choice settings, but can be overcome by providing simple, lowcost information. We use a randomized control trial to test the effect of high-frequency information about residential electricity usage on the price elasticity of demand. Informed households are three standard deviations more responsive to temporary price increases, an effect that is not attributable to price salience. Conservation extends beyond pricing events in the short and medium run, providing evidence of habit formation and implying that the intervention leads to greenhouse gas abatement. Survey evidence suggests that information facilitates learning.

Scope of Project

Subject Terms: Price Elasticity; Information; Randomized Controlled Trial; Energy Demand

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      L11 Production, Pricing, and Market Structure; Size Distribution of Firms
      L94 Electric Utilities
      Q41 Energy: Demand and Supply; Prices
      Q54 Climate; Natural Disasters and Their Management; Global Warming

Geographic Coverage: Connecticut, United States

Time Period(s): 7/1/2011 – 7/31/2011 (July and August 2011)

Universe: Households in experimental sample

Data Type(s): survey data; observational data; experimental data

Methodology

Data Source:

United Illuminating Company metering data, Utility-sponsored household surveys

Unit(s) of Observation: household-15 minute increment, household,

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Published Versions

V1 [2019-10-11]

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DDI 2.5

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