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DOI 10.2753/JEI0021-3624430104 An Evolutionary Perspective on the Economics of Energy Consumption: The Crucial Role of Habits

By Kevin Maréchal

Abstract

Abstract: The climate change issue imposes us not only to change the way we produce and convert energy but also to modify current energy consumption patterns. A substantial body of literature has shown that our behavior is often guided by habits. The existence of habits — not fully conscious forms of behavior — is important as it contradicts rational choice theory. Their presence thus calls for the setting of new instruments as it is difficult to expect consumers to be capable of exercising control over their consumption of energy in reaction to given incentives. This is further increased in our perspective where the current carbon-based Socio-Technical System constrains and shapes consumers ’ choices through structural, cultural, social and institutional forces. Habits being potentially “counterintentional, ” can be considered as a form of behavioral lock-in that may explain continued increase of energy consumption. Policies should thus specifically address the performance context of habits

Topics: habits, evolutionary economics, energy consumption, lock-in JEL Classification Codes, D11, Q40, Q54 More than a century ago, Thorstein Veblen wrote “[a]t the same time men’s present
Year: 2013
OAI identifier: oai:CiteSeerX.psu:10.1.1.320.6792
Provided by: CiteSeerX
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