{"query_echo":{"q":"","filters":{"analysis_type":["revealed-preference approach"]},"warnings":[{"code":"facet_value_not_in_vocabulary","message":"Value 'revealed-preference approach' for facet 'analysis_type' is not in the controlled vocabulary."}]},"total":{"value":1,"relation":"eq"},"page":1,"page_size":20,"self":"https://climateinsightsdirectory.org/api/v1/search?analysis_type=revealed-preference+approach","stability":"beta","ai_marking":{"digital_source_type":{"uri":"http://cv.iptc.org/newscodes/digitalsourcetype/trainedAlgorithmicMedia","name":"Created using Generative AI"},"notice":"Summary and key insights are generated using artificial intelligence."},"results":[{"id":"bc3res-000089","url":"https://climateinsightsdirectory.org/document/bc3res-000089","title":"Price Premium for High-Efficiency Refrigerators and Calculation of Price-Elasticities for Close-Substitutes: Combining Hedonic Pricing and Demand Systems","publisher":{"name":"Basque Centre for Climate Change","organization":"basque-centre-for-climate-change"},"document_type":"research paper","language":"en","date_published":"2011-08","source_url":"https://www.bc3research.org/h6T8Uy8Nm4gFs0O/201108301036361207368790.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","geography_discussed","analysis_type"],"summary":{"text":"The research uses hedonic pricing to determine that A+ refrigerators in the Basque Autonomous Community carry a price premium of 8.9% (approximately 60 euro), which is only one-third of the potential lifetime energy savings. By combining this with a Linear Almost Ideal Demand System (LA/AIDS), the study finds that demand for high-efficiency refrigerators is significantly more price-elastic (ranging from -0.9 to -2.1) than demand for regular refrigerators (-0.25 to -0.75).","ai_generated":true,"unit":"bc3res-000089#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"The price premium for refrigerators with the highest energy-efficiency label (A+) in the Basque Autonomous Community is estimated at 8.9% of the final price, which equates to approximately 60 euro based on an average price of 658 euro.","ai_generated":true,"unit":"bc3res-000089#insight-1","date_modified":"2026-10-23"},{"text":"The market price premium for A+ refrigerators is significantly lower than the actual energy savings a consumer would realize over the appliance's lifetime; the discounted savings of substituting an A label fridge for an A+ one is 163 euro, making the market premium only about one-third of the energy savings premium.","ai_generated":true,"unit":"bc3res-000089#insight-2","date_modified":"2026-10-23"},{"text":"Demand for the most energy-efficient (A+) refrigerators is much more sensitive to price changes than demand for refrigerators with lower energy efficiency labels.","ai_generated":true,"unit":"bc3res-000089#insight-3","date_modified":"2026-10-23"},{"text":"The own price elasticity of demand for A+ refrigerators is estimated to range from -0.9 to -2.1, whereas the own price elasticity for regular refrigerators is estimated between -0.25 and -0.75.","ai_generated":true,"unit":"bc3res-000089#insight-4","date_modified":"2026-10-23"},{"text":"The cross-price elasticity of demand between regular and high energy-efficiency refrigerators is relatively low, ranging from 0.01 to 0.10, suggesting that price changes in one type of refrigerator affect the demand for the other only negligibly.","ai_generated":true,"unit":"bc3res-000089#insight-5","date_modified":"2026-10-23"}],"climate_tags":["energy efficiency","climate policy"],"geography_discussed":["European Union","Germany","Switzerland","People's Republic of China","United States"],"frame_perspective":[],"analysis_type":["econometric analysis","revealed-preference approach"]}]}