Analysis of the building energy efficiency market based on asymmetric game

Abstract

This comprehensive empirical analysis of the building energy efficiency market employs an approach of asymmetric game, from which some suggestions to the Government are put forward. In the last decade China has been increased interest in the provision of energy services that has also been driven by electricity and gas restructuring. In the year 1997, three pilot energy service companies (ESCOs) established in China. Based on the bounded rationality of players, an asymmetric game between the building owners and the energy service companies (ESCOs) is discussed in the domain of energy efficiency in buildings. The game model is built with the characteristics of imitator dynamic model, which comes to the conclusion that the final results basically depend on the initial conditions. Based on the review and analysis, we suggest the government to consider the characteristics in policy making.