Market failures and willingness-to-accept the smart energy transition: Experimental evidence from the UK

Working paper by Greer Gosnell, Daire McCoy on 26 May 2020

This paper describes an experiment on a nationally representative sample of UK households that aimed to quantify resistance to smart meter adoption and test for the existence of commonly cited market failures that inhibit the adoption of energy-saving technologies. The authors measured if households would adopt a smart meter without financial compensation and, for those households unwilling to do so, the subsidy level that would be necessary to persuade them. read more »

Pigou pushes preferences: decarbonisation and endogenous values

Working paper by Linus Mattauch, Cameron Hepburn, Nicholas Stern on 17 Dec 2018

This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »