Why transaction costs do not decrease over time? A case study of energy efficiency programmes in Czechia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F20%3A00342610" target="_blank" >RIV/68407700:21230/20:00342610 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.1016/j.enpol.2020.111871" target="_blank" >https://doi.org/10.1016/j.enpol.2020.111871</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.enpol.2020.111871" target="_blank" >10.1016/j.enpol.2020.111871</a>

Result language

angličtina

Original language name

Why transaction costs do not decrease over time? A case study of energy efficiency programmes in Czechia

Original language description

Transaction costs have a negative impact on the implementation and effectiveness of energy efficiency policies, while they remain rarely systematically tracked and evaluated. Transaction costs should decrease over time, thanks to the ageing of the policy (and the effects of learning) and the prevalence of initial, fixed costs. However, we find that the opposite may be true. We examine the effect of time and learning on the structure and size of transaction costs by using a data set of two programmes in two programming periods (2007–2013 and 2014–2020). We find that despite the continuity of the programmes, the burden of transaction costs in both cases increased significantly. The potential gains from learning throughout the programmes are overrun by constant internally and externally driven changes to the programme. In addition, through the course of the programmes, smaller and more complicated projects prevail. Lastly, due to internal organisational changes among the recipients, there is little institutional memory and distribution of information. An early thorough preparatory phase of a programme and stability of the institutional environment increase the effectiveness of the programmes. Differentiating the administrative processes according to the size of projects, with simplified procedures for smaller projects, may further decrease administrative intensity.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

<a href="/en/project/GA18-02756S" target="_blank" >GA18-02756S: Transaction costs of energy efficiency programmes: the effect of learning</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Energy Policy

ISSN

0301-4215

e-ISSN

1873-6777

Volume of the periodical

147

Issue of the periodical within the volume

prosinec

Country of publishing house

GB - UNITED KINGDOM

Number of pages

9

Pages from-to

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UT code for WoS article

000595072300007

EID of the result in the Scopus database

2-s2.0-85090593681