Designing energy efficiency subsidy programmes: The factors of transaction costs

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F18%3A00321759" target="_blank" >RIV/68407700:21230/18:00321759 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S0301421518302714" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0301421518302714</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.enpol.2018.04.055" target="_blank" >10.1016/j.enpol.2018.04.055</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Designing energy efficiency subsidy programmes: The factors of transaction costs

Popis výsledku v původním jazyce

Transaction costs are perceived as one of the main barriers in achieving energy efficiency. Hence, the omission of transaction costs in the evaluation (and preparation) of energy efficiency policies leads to suboptimal decision-making. However, empirical evidence on the main factors influencing transaction costs of energy efficiency programmes remains insufficient. By investigating two cases of major energy efficiency subsidy programmes in the Czech Republic, we analyse the role of two factors influencing the transaction costs: size of the projects and type of actors. The results show that while the dependence between the size of the projects and the size of transaction costs is rather straightforward, the role of actors is more complex. On one hand, no significant difference has been found between total transaction costs of the two types of actors entering the analysed programmes (private companies and public entities). Our results imply the potential for optimization of transaction costs in energy efficiency subsidy programmes lies in streamlining the internal processes (especially in the preparatory phase and in public tenders) and a clear legal environment. On the other hand, differences between the two entities were found in the costs of external services, indicating a room for optimization for public bodies.

Název v anglickém jazyce

Designing energy efficiency subsidy programmes: The factors of transaction costs

Popis výsledku anglicky

Transaction costs are perceived as one of the main barriers in achieving energy efficiency. Hence, the omission of transaction costs in the evaluation (and preparation) of energy efficiency policies leads to suboptimal decision-making. However, empirical evidence on the main factors influencing transaction costs of energy efficiency programmes remains insufficient. By investigating two cases of major energy efficiency subsidy programmes in the Czech Republic, we analyse the role of two factors influencing the transaction costs: size of the projects and type of actors. The results show that while the dependence between the size of the projects and the size of transaction costs is rather straightforward, the role of actors is more complex. On one hand, no significant difference has been found between total transaction costs of the two types of actors entering the analysed programmes (private companies and public entities). Our results imply the potential for optimization of transaction costs in energy efficiency subsidy programmes lies in streamlining the internal processes (especially in the preparatory phase and in public tenders) and a clear legal environment. On the other hand, differences between the two entities were found in the costs of external services, indicating a room for optimization for public bodies.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA18-02756S" target="_blank" >GA18-02756S: Transakční náklady programů na podporu energetické efektivnosti: efekt učení</a><br>

Návaznosti

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

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

Energy Policy

ISSN

0301-4215

e-ISSN

1873-6777

Svazek periodika

120

Číslo periodika v rámci svazku

September

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

10

Strana od-do

382-391

Kód UT WoS článku

000440123300036

EID výsledku v databázi Scopus

2-s2.0-85048495695