Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.06.067 |
When do households invest in solar photovoltaics? An application of prospect theory | |
Klein, Martin; Deissenroth, Marc | |
2017-10-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | While investments in renewable energy sources (RES) are incentivized around the world, the policy tools that do so are still poorly understood, leading to costly misadjustments in many cases. As a case study, the deployment dynamics of residential solar photovoltaics (PV) invoked by the German feed-in tariff legislation are investigated. Here we report a model showing that the question of when people invest in residential PV systems is found to be not only determined by profitability, but also by profitability's change compared to the status quo. This finding is interpreted in the light of loss aversion, a concept developed in Kahneman and Tversky's prospect theory. The model is able to reproduce most of the dynamics of the uptake with only a few financial and behavioral assumptions. |
英文关键词 | Deployment modeling Investment Feed-in tariff design Photovoltaics Prospect theory |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400025 |
WOS关键词 | FEED-IN TARIFFS ; SELF-CONSUMPTION ; GERMANY ; SYSTEMS ; SIMULATION ; RISK ; UNCERTAINTY ; PERFORMANCE ; DIFFUSION ; BEHAVIOR |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19094 |
专题 | 气候变化 |
作者单位 | German Aerosp Ctr DLR, Inst Engn Thermodynam, Dept Syst Anal & Technol Assessment, Pfaffenwaldring 38-40, D-70569 Stuttgart, Germany |
推荐引用方式 GB/T 7714 | Klein, Martin,Deissenroth, Marc. When do households invest in solar photovoltaics? An application of prospect theory[J]. ENERGY POLICY,2017,109. |
APA | Klein, Martin,&Deissenroth, Marc.(2017).When do households invest in solar photovoltaics? An application of prospect theory.ENERGY POLICY,109. |
MLA | Klein, Martin,et al."When do households invest in solar photovoltaics? An application of prospect theory".ENERGY POLICY 109(2017). |
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