Back to Search
Start Over
Investigating the Efficacy of Government Rebates: A Case of the Smart Irrigation System.
- Source :
- Journal of Agricultural & Resource Economics; Sep2023, Vol. 48 Issue 3, p581-599, 19p
- Publication Year :
- 2023
-
Abstract
- Government rebates provide monetary incentives to encourage consumers' adoption of ecofriendly technologies. Understanding how consumers perceive the value of rebate is crucial to policy makers. We use the smart irrigation system as an example and design choice experiments that present rebates in two formats: the total device cost and the cost consumers needed to pay versus the total device cost and the rebate value. We find that consumers discount the value of the rebate more when presented with rebate value. Additionally, the framing of incentives has a spillover effect on the perceived value of a seemingly unrelated attribute (i.e., water saving). [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 10685502
- Volume :
- 48
- Issue :
- 3
- Database :
- Supplemental Index
- Journal :
- Journal of Agricultural & Resource Economics
- Publication Type :
- Academic Journal
- Accession number :
- 170730761
- Full Text :
- https://doi.org/10.22004/ag.econ.330842