Energy efficiency, bounded rationality and energy-related financial literacy in the Swiss household sector: Final Report

Abstract

The main objectives of this project are to: (1) provide a systematic overview based on the microeconomics of production and on the household production theory of the relation between energy demand, production of energy services, input prices and energy efficiency; (2) measure the level of efficiency in the use of electricity through the estimation using econometric methods of an electricity demand frontier function for a sample of Swiss households using panel data; (3) investigate the level of energy-related investment literacy among Swiss households and its role for energy efficiency; and (4) study how information on future energy consumption should be displayed on products in order to enable consumers to identify the appliance that minimizes lifetime cost.