Corpus ID: 16655775

Welfare Effects of Home Automation Technology with Dynamic Pricing

@inproceedings{Bollinger2015WelfareEO,
  title={Welfare Effects of Home Automation Technology with Dynamic Pricing},
  author={Bryan Bollinger and W. Hartmann},
  year={2015}
}
  • Bryan Bollinger, W. Hartmann
  • Published 2015
  • Economics
  • A fixed cost investment in home automation technology can eliminate consumers' marginal costs of responding to changing demand conditions. We estimate the welfare effects of a home automation technology using a field experiment run by a large electric utility that randomly assigned both a technology and price treatment. Average treatment effects reveal that the home automation technology reduces demand more than twice as much as an alternative technology that only informs consumers of price… CONTINUE READING
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