Abstract
The use of energy efficient refrigerating appliances in the domestic sector holds promise for savings on energy, CO2 emissions and CFC leakages, and more so for developing countries than for developed countries. However, the low saliency of energy efficiency and monetary savings impedes the uptake of energy efficient appliances by end-use consumers and suppliers of residential appliances. Moreover, there is the lack of information on how consumers value different refrigerating appliances and appliance features as well as how much they are willing to pay for same. Applying a choice experiment approach, this paper valued consumers’ preferences for energy efficient refrigerating appliances and found that willingness to pay (WTP) is significant and positive at GH¢3,078.12 ($690). However, evidence of the influence of socio-demographics on WTP and preferences is inconclusive.
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Articles in the same Issue
- Frontmatter
- Does It Pay to Be Active on Many Foreign Markets? Profitability in German Multi-Market Exporters and Importers from Manufacturing Industries
- Willingness to Pay for Energy Efficient Refrigerating Appliances in Accra, Ghana: A Choice Experiment Approach
- Trade Openness and Carbon Emissions: Evidence from Central and Eastern European Countries
- Area Deprivation and its Impact on Population Health: Conceptual Aspects, Measurement and Evidence from Germany
Articles in the same Issue
- Frontmatter
- Does It Pay to Be Active on Many Foreign Markets? Profitability in German Multi-Market Exporters and Importers from Manufacturing Industries
- Willingness to Pay for Energy Efficient Refrigerating Appliances in Accra, Ghana: A Choice Experiment Approach
- Trade Openness and Carbon Emissions: Evidence from Central and Eastern European Countries
- Area Deprivation and its Impact on Population Health: Conceptual Aspects, Measurement and Evidence from Germany