Overriding consumer preferences with energy regulations

@article{Gayer2012OverridingCP,
  title={Overriding consumer preferences with energy regulations},
  author={Ted Gayer and W. Kip Viscusi},
  journal={Journal of Regulatory Economics},
  year={2012},
  volume={43},
  pages={248-264}
}
The recent wave of enacted and proposed U.S. energy regulations imposes energy efficiency standards on light bulbs, appliances, and motor vehicles based on the unsupported assumption that consumers and firms are irrational and that energy efficiency should be the paramount concern. The regulatory analyses do not document these purported failures in consumer choices or firms’ energy utilization decisions with any empirical evidence. The preponderance of the benefits that agencies claim for the… 

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Overriding consumer preferences with energy regulations

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