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When Do Households Invest in Solar Photovoltaics? - An Application of Prospect Theory

Klein, Martin and Deissenroth, Marc (2016) When Do Households Invest in Solar Photovoltaics? - An Application of Prospect Theory. 5th BAEE Research Workshop on Energy Economics, 04. Nov. 2016, Delft, Niederlande.

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Abstract

We investigate the investment dynamics of residential photovoltaics (PV) in Germany over the years of 2004-2014. As it turns out, the question of when people invest in PV systems is found to be not only determined by profitability, but also by its relative change over time. We interpret this finding in the light loss aversion, a concept developed in Kahneman and Tversky’s Prospect Theory.

Item URL in elib:https://elib.dlr.de/109378/
Document Type:Conference or Workshop Item (Speech)
Title:When Do Households Invest in Solar Photovoltaics? - An Application of Prospect Theory
Authors:
AuthorsInstitution or Email of AuthorsAuthors ORCID iD
Klein, MartinM.Klein (at) dlr.dehttps://orcid.org/0000-0001-7283-4707
Deissenroth, Marcmarc.deissenroth (at) dlr.deUNSPECIFIED
Date:November 2016
Refereed publication:No
Open Access:No
Gold Open Access:No
In SCOPUS:No
In ISI Web of Science:No
Status:Published
Keywords:Energy Policy, Prospect Theory, Deployment, Investment, Investment Dynamics
Event Title:5th BAEE Research Workshop on Energy Economics
Event Location:Delft, Niederlande
Event Type:Workshop
Event Dates:04. Nov. 2016
Organizer:Benelux Association for Energy Economics
HGF - Research field:Energy
HGF - Program:Technology, Innovation and Society
HGF - Program Themes:Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales
DLR - Research area:Energy
DLR - Program:E MS - Systems analysis
DLR - Research theme (Project):E - Systems Analysis and Technology Assessment (old)
Location: Stuttgart
Institutes and Institutions:Institute of Engineering Thermodynamics > Systems Analysis and Technology Assessment
Deposited By: Klein, Martin
Deposited On:13 Dec 2016 09:06
Last Modified:13 Dec 2016 09:06

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