The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons
The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons
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DOI:
10.1257/app.20170328
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发表时间:
2019-01-01
影响因子:
6.2
通讯作者:
Kessler, Judd B.
中科院分区:
文献类型:
--
作者:
Allcott, Hunt;Kessler, Judd B.
"Nudge"-style interventions are often deemed successful if they generate large behavior change at low cost, but they are rarely subjected to full social welfare evaluations. We combine a field experiment with a simple theoretical framework to evaluate the welfare effects of one especially policy-relevant intervention, home energy social comparison reports. In our sample, the reports increase social welfare, although traditional evaluation approaches overstate gains because they ignore significant costs incurred by nudge recipients. Overall, home energy report welfare gains might be overstated by $620 million. We develop a prediction algorithm for optimal targeting; this approach would double the welfare gains.