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Nudging through persuasive technology in social media to promote low carbon travel behavior in commuting and non-commuting situations
IF 6 1区 经济学 Q1 URBAN STUDIES Pub Date : 2025-04-10 DOI: 10.1016/j.cities.2025.105974
Haiyan Lu , Jiaoju Ge , Ling Yu
As transport is an important field in carbon emission reduction, practitioners have often adopted nudging measures, such as persuasive technologies, to reduce carbon emissions. One notable trend of persuasive technology development is its integration into social media platforms, which aims to strengthen individual gratification and use intention, thereby encouraging low carbon travel behaviors. However, there remains a need for further investigation into the impact of such persuasive technology on low carbon travel behavior, particularly in commuting and non-commuting situations. Results from the survey and experimental study show persuasive technology embedded in the social media can improve individual low carbon travel behavior in both commuting and non-commuting situations. The analysis of influencing mechanism shows that entertainment gratification, gained from social support, and continuous use intention, stemming from system credibility, are positively associated with individual low carbon travel intention and behaviors in both commuting and non-commuting situations. Achievement gratification, obtained from primary tasks is positively linked to individual low carbon travel intentions and behaviors in non-commuting situations. Strategically, policy makers should pay attention to the use of persuasive technology embedded in social media, particular entertainment gratification and use continuous intention, to encourage individual's low carbon travel behaviors in both commuting and non-commuting situations.
{"title":"Nudging through persuasive technology in social media to promote low carbon travel behavior in commuting and non-commuting situations","authors":"Haiyan Lu ,&nbsp;Jiaoju Ge ,&nbsp;Ling Yu","doi":"10.1016/j.cities.2025.105974","DOIUrl":"10.1016/j.cities.2025.105974","url":null,"abstract":"<div><div>As transport is an important field in carbon emission reduction, practitioners have often adopted nudging measures, such as persuasive technologies, to reduce carbon emissions. One notable trend of persuasive technology development is its integration into social media platforms, which aims to strengthen individual gratification and use intention, thereby encouraging low carbon travel behaviors. However, there remains a need for further investigation into the impact of such persuasive technology on low carbon travel behavior, particularly in commuting and non-commuting situations. Results from the survey and experimental study show persuasive technology embedded in the social media can improve individual low carbon travel behavior in both commuting and non-commuting situations. The analysis of influencing mechanism shows that entertainment gratification, gained from social support, and continuous use intention, stemming from system credibility, are positively associated with individual low carbon travel intention and behaviors in both commuting and non-commuting situations. Achievement gratification, obtained from primary tasks is positively linked to individual low carbon travel intentions and behaviors in non-commuting situations. Strategically, policy makers should pay attention to the use of persuasive technology embedded in social media, particular entertainment gratification and use continuous intention, to encourage individual's low carbon travel behaviors in both commuting and non-commuting situations.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"162 ","pages":"Article 105974"},"PeriodicalIF":6.0,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143807973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Agriculture driven rural-to-urban migration trends among farmers impacting urban policy development in Northern India
IF 6 1区 经济学 Q1 URBAN STUDIES Pub Date : 2025-04-10 DOI: 10.1016/j.cities.2025.105960
Sushmita Saini , Rajarshi Roy Burman , Rabindra Nath Padaria , Girijesh Singh Mahra , Sitaram Bishnoi , Smruti Ranjan Padhan , Sonali Mallick , Sweety Mukherjee
The agricultural migration in the Northern India was quite significant and was driven by multifaceted factors especially aftermath COVID-19 pandemic. However, only the push-pull factors of migration leaving the psychological factors of migration was explored earlier. Hence, the study was framed to address this research gap by examining migration behavior using the traditional constructs of Theory of Planned Behavior (TPB). We extended the TPB framework with two additional constructs: household decision-making and engagement of women in agriculture. For extracting the latent constructs, 480 migrant farmer's data were analyzed through exploratory factor analysis and hypothesis testing using confirmatory factor analysis and structural equation modeling. The measurement and structural model of TPB framework have significant association between traditional and extended constructs. The finding revealed that in Northern India, migrant farmers demonstrate inter-state migration behavior. The comparison of migration behavior highlights that cities must adopt differentiated policies to address the diverse needs of seasonal, forced, and voluntary migrant farmers. For seasonal migrants, cities must focus on housing, labor rights, and access to social services (short-term policies), whereas for forced migrants, the targeted interventions for skill-building, and resilience planning to address sudden urban population surges needed (crisis management policies). While for voluntary migrants, cities must focus on inclusive urban development, infrastructure expansion, and economic integration to support sustainable urbanization (long-term policies). These finding are significant in fostering a more resilient and equitable society through sustainable rural development for human settlements and achieving Sustainable Development Goals.
{"title":"Agriculture driven rural-to-urban migration trends among farmers impacting urban policy development in Northern India","authors":"Sushmita Saini ,&nbsp;Rajarshi Roy Burman ,&nbsp;Rabindra Nath Padaria ,&nbsp;Girijesh Singh Mahra ,&nbsp;Sitaram Bishnoi ,&nbsp;Smruti Ranjan Padhan ,&nbsp;Sonali Mallick ,&nbsp;Sweety Mukherjee","doi":"10.1016/j.cities.2025.105960","DOIUrl":"10.1016/j.cities.2025.105960","url":null,"abstract":"<div><div>The agricultural migration in the Northern India was quite significant and was driven by multifaceted factors especially aftermath COVID-19 pandemic. However, only the push-pull factors of migration leaving the psychological factors of migration was explored earlier. Hence, the study was framed to address this research gap by examining migration behavior using the traditional constructs of Theory of Planned Behavior (TPB). We extended the TPB framework with two additional constructs: household decision-making and engagement of women in agriculture. For extracting the latent constructs, 480 migrant farmer's data were analyzed through exploratory factor analysis and hypothesis testing using confirmatory factor analysis and structural equation modeling. The measurement and structural model of TPB framework have significant association between traditional and extended constructs. The finding revealed that in Northern India, migrant farmers demonstrate inter-state migration behavior. The comparison of migration behavior highlights that cities must adopt differentiated policies to address the diverse needs of seasonal, forced, and voluntary migrant farmers. For seasonal migrants, cities must focus on housing, labor rights, and access to social services (short-term policies), whereas for forced migrants, the targeted interventions for skill-building, and resilience planning to address sudden urban population surges needed (crisis management policies). While for voluntary migrants, cities must focus on inclusive urban development, infrastructure expansion, and economic integration to support sustainable urbanization (long-term policies). These finding are significant in fostering a more resilient and equitable society through sustainable rural development for human settlements and achieving Sustainable Development Goals.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"162 ","pages":"Article 105960"},"PeriodicalIF":6.0,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143807971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Transparent communication for residential heating decarbonization: A content analysis of heat pump marketing in Canada
IF 6.9 2区 经济学 Q1 ENVIRONMENTAL STUDIES Pub Date : 2025-04-10 DOI: 10.1016/j.erss.2025.104066
Monika Mikhail , Aum Pandya , Quinn Webster , Ralph Evins
Information transparency helps in building trust between intermediary stakeholders and adopters. Potential adopters seek information as they are learning about a new technology to make an informed decision. To this end, this article analyzes how intermediary installers communicate and market heat pumps, an important technology in residential decarbonization. Marketing communication by heat pump installers has been analyzed using an inductively and deductively developed coding system. Results show that 89 % of the 90 installers did not provide an estimate of the total cost of the equipment that homeowners can expect if they decide to adopt. This highlights areas of information that is missing, known as information gaps, that can be improved to increase heat pump adoption. The results reveal a tendency to over emphasize the energy efficiency improvements and expected utility cost savings from heat pump installation which were discussed by 84 %, and 67 % of the installers respectively. Building on the theories of diffusion of innovation, energy transitions, and corporate social responsibility, these findings reveal critical gaps in information transparency that undermines federal rebate program efforts to increase adoption.
{"title":"Transparent communication for residential heating decarbonization: A content analysis of heat pump marketing in Canada","authors":"Monika Mikhail ,&nbsp;Aum Pandya ,&nbsp;Quinn Webster ,&nbsp;Ralph Evins","doi":"10.1016/j.erss.2025.104066","DOIUrl":"10.1016/j.erss.2025.104066","url":null,"abstract":"<div><div>Information transparency helps in building trust between intermediary stakeholders and adopters. Potential adopters seek information as they are learning about a new technology to make an informed decision. To this end, this article analyzes how intermediary installers communicate and market heat pumps, an important technology in residential decarbonization. Marketing communication by heat pump installers has been analyzed using an inductively and deductively developed coding system. Results show that 89 % of the 90 installers did not provide an estimate of the total cost of the equipment that homeowners can expect if they decide to adopt. This highlights areas of information that is missing, known as information gaps, that can be improved to increase heat pump adoption. The results reveal a tendency to over emphasize the energy efficiency improvements and expected utility cost savings from heat pump installation which were discussed by 84 %, and 67 % of the installers respectively. Building on the theories of diffusion of innovation, energy transitions, and corporate social responsibility, these findings reveal critical gaps in information transparency that undermines federal rebate program efforts to increase adoption.</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"124 ","pages":"Article 104066"},"PeriodicalIF":6.9,"publicationDate":"2025-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143807289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Collateral value uncertainty and mortgage credit provision
IF 10.4 1区 经济学 Q1 BUSINESS, FINANCE Pub Date : 2025-04-09 DOI: 10.1016/j.jfineco.2025.104054
Erica Xuewei Jiang , Anthony Lee Zhang
Houses with higher value uncertainty receive less mortgage credit: mortgages backed by these houses are more likely to be rejected, have higher interest rates, and have lower loan-to-price ratios. The relationship between house value uncertainty and credit availability is driven partly by a classic channel in which uncertainty lowers debt recovery rates, and partly by a novel channel where more uncertain appraisals make regulatory constraints on loan size more likely to bind. We build a structural model to quantify the effects of each channel, and show how a shift toward computerized asset appraisals could influence credit access.
{"title":"Collateral value uncertainty and mortgage credit provision","authors":"Erica Xuewei Jiang ,&nbsp;Anthony Lee Zhang","doi":"10.1016/j.jfineco.2025.104054","DOIUrl":"10.1016/j.jfineco.2025.104054","url":null,"abstract":"<div><div>Houses with higher value uncertainty receive less mortgage credit: mortgages backed by these houses are more likely to be rejected, have higher interest rates, and have lower loan-to-price ratios. The relationship between house value uncertainty and credit availability is driven partly by a classic channel in which uncertainty lowers debt recovery rates, and partly by a novel channel where more uncertain appraisals make regulatory constraints on loan size more likely to bind. We build a structural model to quantify the effects of each channel, and show how a shift toward computerized asset appraisals could influence credit access.</div></div>","PeriodicalId":51346,"journal":{"name":"Journal of Financial Economics","volume":"169 ","pages":""},"PeriodicalIF":10.4,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143799213","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How does banking expansion influence city development and synergy? — A new perspective from government debts
IF 6 1区 经济学 Q1 URBAN STUDIES Pub Date : 2025-04-09 DOI: 10.1016/j.cities.2025.105923
Yuyuan Wen , Hao Yu , Zhiyuan Chen
This study exploits the regulatory shock of banking deregulation in China to examine how the geographical expansion of city commercial banks (CCBs) influences regional development and economic synergy. Employing a refined identification strategy, we demonstrate that bank expansion significantly promotes both local economic growth and inter-regional coordination. Specifically, we find that each new sub-branch entry leads to a 0.7 % increase in city-level development. Moreover, we identify a novel transmission mechanism whereby expanding banks support local governments through substantial subscriptions to urban investment bonds, thereby facilitating infrastructure development. Our findings illuminate the institutional linkages between banking institutions and local governments, suggesting that multi-market CCBs serve as an effective policy instrument for addressing local financial volatility and advancing coordinated regional development initiatives.
{"title":"How does banking expansion influence city development and synergy? — A new perspective from government debts","authors":"Yuyuan Wen ,&nbsp;Hao Yu ,&nbsp;Zhiyuan Chen","doi":"10.1016/j.cities.2025.105923","DOIUrl":"10.1016/j.cities.2025.105923","url":null,"abstract":"<div><div>This study exploits the regulatory shock of banking deregulation in China to examine how the geographical expansion of city commercial banks (CCBs) influences regional development and economic synergy. Employing a refined identification strategy, we demonstrate that bank expansion significantly promotes both local economic growth and inter-regional coordination. Specifically, we find that each new sub-branch entry leads to a 0.7 % increase in city-level development. Moreover, we identify a novel transmission mechanism whereby expanding banks support local governments through substantial subscriptions to urban investment bonds, thereby facilitating infrastructure development. Our findings illuminate the institutional linkages between banking institutions and local governments, suggesting that multi-market CCBs serve as an effective policy instrument for addressing local financial volatility and advancing coordinated regional development initiatives.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"162 ","pages":"Article 105923"},"PeriodicalIF":6.0,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143800002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Understanding the intersection of transportation safety and quality of life: Insights from community surveys in Austin, Texas
IF 6 1区 经济学 Q1 URBAN STUDIES Pub Date : 2025-04-09 DOI: 10.1016/j.cities.2025.105964
Boniphace Kutela , Subasish Das , Syed Aaqib Javed , Abbas Sheykhfard , Frank Ngeni , Sia M. Lyimo , Hellen Shita , Neema Langa
Improving the urban quality of life is among the key focuses of various jurisdictions. In doing so, various transportation-related projects are implemented to improve residents' lives. However, studies evaluating the link between transportation attributes and the perceived satisfaction of urban quality of life are relatively scarce. To fill this gap, this study used community survey data collected in 2018 and 2019 in Austin, Texas by using the Bayesian Networks approach. The safety perception was measured using the resident's perception of walking in their neighborhood day and night and sharing the road with other road users. Results indicate that residents who feel safe walking in their neighborhood during the daytime are more likely to be satisfied with their urban quality of life. Other key indicators are safe walking in downtown during the daytime and walking in downtown during nighttime, while feeling safe walking in their neighborhood during nighttime was the least contributor to the urban quality of life. Furthermore, income was the key factor for safety perception, while street conditions and traffic flow on major streets were the key indicators of safety perception when sharing the road with other drivers. The findings help in prioritizing transportation projects to improve residents' safety and urban quality of life.
{"title":"Understanding the intersection of transportation safety and quality of life: Insights from community surveys in Austin, Texas","authors":"Boniphace Kutela ,&nbsp;Subasish Das ,&nbsp;Syed Aaqib Javed ,&nbsp;Abbas Sheykhfard ,&nbsp;Frank Ngeni ,&nbsp;Sia M. Lyimo ,&nbsp;Hellen Shita ,&nbsp;Neema Langa","doi":"10.1016/j.cities.2025.105964","DOIUrl":"10.1016/j.cities.2025.105964","url":null,"abstract":"<div><div>Improving the urban quality of life is among the key focuses of various jurisdictions. In doing so, various transportation-related projects are implemented to improve residents' lives. However, studies evaluating the link between transportation attributes and the perceived satisfaction of urban quality of life are relatively scarce. To fill this gap, this study used community survey data collected in 2018 and 2019 in Austin, Texas by using the Bayesian Networks approach. The safety perception was measured using the resident's perception of walking in their neighborhood day and night and sharing the road with other road users. Results indicate that residents who feel safe walking in their neighborhood during the daytime are more likely to be satisfied with their urban quality of life. Other key indicators are safe walking in downtown during the daytime and walking in downtown during nighttime, while feeling safe walking in their neighborhood during nighttime was the least contributor to the urban quality of life. Furthermore, income was the key factor for safety perception, while street conditions and traffic flow on major streets were the key indicators of safety perception when sharing the road with other drivers. The findings help in prioritizing transportation projects to improve residents' safety and urban quality of life.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"162 ","pages":"Article 105964"},"PeriodicalIF":6.0,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143800005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Motorways and railroads to trust
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2025-04-09 DOI: 10.1016/j.jebo.2025.106972
Despina Gavresi , Anastasia Litina , Georgios Tsiachtsiras
This paper examines how transportation infrastructure, specifically motorway and railroad length, impacts interpersonal and political trust. Using data from the European Social Survey (ESS), we observe higher trust levels in individuals from regions with more extensive infrastructure. Our analysis encompasses three layers: a cross-regional analysis, an international immigrant analysis where immigrants are linked to their origin country infrastructure, and an inter-regional immigrant analysis where immigrants are linked to their origin region’s infrastructure, respectively. Consistent results across specifications suggest infrastructure enhances trust by promoting mobility and exposure to new people and ideas, as well as by elevating political trust as the government is perceived as more reliable and effective. Further analysis in a panel of Nuts 1 regions focuses on the mechanics of mobility. We investigate how trust in a region correlates with the road and rail travel time between regions as well as with the cost-effectiveness of its connections. The findings indicate that increased and more affordable mobility leads to higher trust, further supporting our hypothesis.
{"title":"Motorways and railroads to trust","authors":"Despina Gavresi ,&nbsp;Anastasia Litina ,&nbsp;Georgios Tsiachtsiras","doi":"10.1016/j.jebo.2025.106972","DOIUrl":"10.1016/j.jebo.2025.106972","url":null,"abstract":"<div><div>This paper examines how transportation infrastructure, specifically motorway and railroad length, impacts interpersonal and political trust. Using data from the European Social Survey (ESS), we observe higher trust levels in individuals from regions with more extensive infrastructure. Our analysis encompasses three layers: a cross-regional analysis, an international immigrant analysis where immigrants are linked to their origin country infrastructure, and an inter-regional immigrant analysis where immigrants are linked to their origin region’s infrastructure, respectively. Consistent results across specifications suggest infrastructure enhances trust by promoting mobility and exposure to new people and ideas, as well as by elevating political trust as the government is perceived as more reliable and effective. Further analysis in a panel of Nuts 1 regions focuses on the mechanics of mobility. We investigate how trust in a region correlates with the road and rail travel time between regions as well as with the cost-effectiveness of its connections. The findings indicate that increased and more affordable mobility leads to higher trust, further supporting our hypothesis.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"234 ","pages":"Article 106972"},"PeriodicalIF":2.3,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143808172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Macroeconomic effects of fiscal policy under an energy supply shock
IF 9.3 2区 经济学 Q1 ECONOMICS Pub Date : 2025-04-09 DOI: 10.1016/j.enpol.2025.114616
Johan Gustafsson , Xiaofei Ma , Junior Maih , Mattias Vesterberg
We study the macroeconomic effects of four fiscal policy responses to an energy supply shock: energy vouchers to all households, energy vouchers only to low-income households, energy vouchers to non-energy goods producers, and subsidies for investments in the energy sector. The analysis is carried out in a DSGE model that explicitly includes the energy sector. Calibrating the model to Swedish data, our results show that subsidies for investment in the energy sector are the most effective instrument to reduce energy prices in the short to medium term. However, this policy is welfare-dominated by energy vouchers given to households, as it immediately compensates low-income, non-saving households in the event of a shock. Providing energy vouchers to non-energy firms prevents energy prices from falling as quickly as they would without policy intervention and is also the least desirable from a welfare perspective.
{"title":"Macroeconomic effects of fiscal policy under an energy supply shock","authors":"Johan Gustafsson ,&nbsp;Xiaofei Ma ,&nbsp;Junior Maih ,&nbsp;Mattias Vesterberg","doi":"10.1016/j.enpol.2025.114616","DOIUrl":"10.1016/j.enpol.2025.114616","url":null,"abstract":"<div><div>We study the macroeconomic effects of four fiscal policy responses to an energy supply shock: energy vouchers to all households, energy vouchers only to low-income households, energy vouchers to non-energy goods producers, and subsidies for investments in the energy sector. The analysis is carried out in a DSGE model that explicitly includes the energy sector. Calibrating the model to Swedish data, our results show that subsidies for investment in the energy sector are the most effective instrument to reduce energy prices in the short to medium term. However, this policy is welfare-dominated by energy vouchers given to households, as it immediately compensates low-income, non-saving households in the event of a shock. Providing energy vouchers to non-energy firms prevents energy prices from falling as quickly as they would without policy intervention and is also the least desirable from a welfare perspective.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"203 ","pages":"Article 114616"},"PeriodicalIF":9.3,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143799665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Estimating opportunity costs for energy-efficiency renovations: Case study in Germany
IF 6.6 2区 经济学 Q1 ECOLOGY Pub Date : 2025-04-09 DOI: 10.1016/j.ecolecon.2025.108629
Ray Galvin , Paul Galvin
Since energy consumption in residential buildings produces 26 % of CO2 emissions worldwide, there is an urgent need to improve the energy efficiency of older buildings. This is expensive, and a component often poorly estimated is opportunity costs: the losses a building owner incurs by investing in an energy-efficiency upgrade rather than in a more profitable project. Some recent studies assume opportunity costs of about 6 % of the property owner's up-front cash investment, but they assume very passive investment behavior. This paper uses a case study of a standard energy-performance upgrade of a typical, gas-heated 1950s–60s western German apartment and an alternative investment of purchasing an additional rental property. It uses realistic figures for costs of renovation and finance, benefits through energy and CO2 tax savings and subsidies currently on offer, likely energy price and CO2 tax inflation rates, and realistic discount rates. The alternative investment is to purchase a rental apartment using the up-front cash as the deposit, based on actual properties for sale. After 25 years the most economically sound upgrade brings a loss of around 207 %, while the purchase brings a gain of at least 666 %, with a minimum opportunity cost of 8.49 % per year cumulative.
{"title":"Estimating opportunity costs for energy-efficiency renovations: Case study in Germany","authors":"Ray Galvin ,&nbsp;Paul Galvin","doi":"10.1016/j.ecolecon.2025.108629","DOIUrl":"10.1016/j.ecolecon.2025.108629","url":null,"abstract":"<div><div>Since energy consumption in residential buildings produces 26 % of CO2 emissions worldwide, there is an urgent need to improve the energy efficiency of older buildings. This is expensive, and a component often poorly estimated is opportunity costs: the losses a building owner incurs by investing in an energy-efficiency upgrade rather than in a more profitable project. Some recent studies assume opportunity costs of about 6 % of the property owner's up-front cash investment, but they assume very passive investment behavior. This paper uses a case study of a standard energy-performance upgrade of a typical, gas-heated 1950s–60s western German apartment and an alternative investment of purchasing an additional rental property. It uses realistic figures for costs of renovation and finance, benefits through energy and CO2 tax savings and subsidies currently on offer, likely energy price and CO2 tax inflation rates, and realistic discount rates. The alternative investment is to purchase a rental apartment using the up-front cash as the deposit, based on actual properties for sale. After 25 years the most economically sound upgrade brings a loss of around 207 %, while the purchase brings a gain of at least 666 %, with a minimum opportunity cost of 8.49 % per year cumulative.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"235 ","pages":"Article 108629"},"PeriodicalIF":6.6,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143799604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Financial regulation, digital currency, and risk management
IF 7.4 2区 经济学 Q1 BUSINESS, FINANCE Pub Date : 2025-04-09 DOI: 10.1016/j.frl.2025.107279
Wei Zeng , Yongqian Tu , Xin Juan , Grace (Li) Tian
Using data from 31 Chinese provinces and municipalities from 2011 to 2022, this study examines the impact of stringent financial regulations and digital currency on regional risk management. Results reveal that stringent financial regulation promotes regional risk management levels, the development of digital currency can improve regional risk management levels, strict financial regulation acts as a moderator in the relationship between digital currencies and risk management, and the development of digital currency has a threshold effect on regional risk management levels. This study empirically verifies the positive function of stringent financial regulation and digital currency development in improving regional risk management, providing policymakers a scientific foundation.
{"title":"Financial regulation, digital currency, and risk management","authors":"Wei Zeng ,&nbsp;Yongqian Tu ,&nbsp;Xin Juan ,&nbsp;Grace (Li) Tian","doi":"10.1016/j.frl.2025.107279","DOIUrl":"10.1016/j.frl.2025.107279","url":null,"abstract":"<div><div>Using data from 31 Chinese provinces and municipalities from 2011 to 2022, this study examines the impact of stringent financial regulations and digital currency on regional risk management. Results reveal that stringent financial regulation promotes regional risk management levels, the development of digital currency can improve regional risk management levels, strict financial regulation acts as a moderator in the relationship between digital currencies and risk management, and the development of digital currency has a threshold effect on regional risk management levels. This study empirically verifies the positive function of stringent financial regulation and digital currency development in improving regional risk management, providing policymakers a scientific foundation.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107279"},"PeriodicalIF":7.4,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143800060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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