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Applying behavioural economics
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-Applying-behavioural-economics-at-the-RCA-1-Apr-2014.pdf8 Feb 2024: Behavioural economics uses insights from psychology to explain why regulators behave the way they do. ... Behavioural economics raises important issues for all steps of the regulatory supervision process. -
NTS_EPRG1207
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-nts1207.pdf7 Dec 2023: N-T. EC. HN. ICA. L S. UM. MA. RY. Self-Disconnection Among Pre-Payment Customers - A Behavioural Analysis. ... EPRG Working Paper 1207 Cambridge Working Paper in Economics 1214. Philipp-Bastian Brutscher. -
Document 1
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-nts1328.pdf7 Dec 2023: Addressing self-disconnection among prepayment energy consumers: A behavioural approach. EPRG Working Paper 1328 Cambridge Working Paper in Economics 1353. -
2011 05 02 Do homes that are more energy efficient consume less…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-nts1117.pdf6 Dec 2023: EPRG Working Paper 1117 Cambridge Working Paper in Economics 1139. Scott Kelly Energy consumption from the residential sector is a complex socio-technical problem. ... To be understood fully it must combine characteristics about the physical properties -
Vincent Mak - CV (PDF)
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/04/vincent-mak-cv.pdf3 Apr 2024: Post-experience Masters. Thinking Strategically – behavioural game theory and behavioural economics elective for MBA and EMBA. ... Webinar for CJBS Executive Education, November 2017. Coordination in Teams and Team Negotiation Skills -
GoldSilverBronze
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1629.pdf8 Dec 2023: they produce (consume). Behavioural economics suggests that risk-averse individuals can. be straightforwardly exposed to real time prices via fixed price contracts that offer. ... 79-88. Pollitt, M. and Shaorshadze, I. (2013), ‘The Role of Behavioural -
The competition assessment framework for the retail energy sector: ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1406.pdf7 Dec 2023: This brings us to what seems to be a systematic weakness underlying much of the behavioural economics literature. ... In behavioural economics as in conventional economics, profit is not only an indication of a problem, it is also an inherent part of the -
McNamara Grubb_abstract
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1110.pdf6 Dec 2023: findings in behavioural . economics relate to the challenges of improving energy efficiency. The final tier of the see‐. ... economics and practical policies that have sought to engage consumers. a. -
Abstract_EPRG WP 1116
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1116.pdf6 Dec 2023: Third, behavioural economics, which looks at how individuals actually behave when making economic decisions, has suggested a number of phenomena which may be increasingly important to take account of in considering ... Behavioural economics may prove to -
Document 1
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1305.pdf7 Dec 2023: The field of behavioural economics attempts to construct improved models ofhuman behaviour by incorporating insights drawn from experimental psychology, notably the existence ofthe endowment effect, and other cognitive biases including loss -
Competition and the UK retail energy market
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_Australia_Dec17-.pdf2 Feb 2024: design of recent trial on Disengaged Customer Database (below). Misuse of behavioural economics• But instead of using behavioural insights to reform economics, economists. ... Focus on customer failure but little acknowledgement of regulatory -
www.eprg.group.cam.ac.uk Socially inclusive renewable energy…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2017.pdf11 Dec 2023: EPRG Working Paper 2017. Cambridge Working Paper in Economics 2055. Olivia Muza, Ramit Debnath. ... more cost-effective and mass-scalable behavioural solutions to encourage renewable and sustainable energy. -
www.eprg.group.cam.ac.uk The CMA’s assessment of customer detriment…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2015.pdf11 Dec 2023: www.eprg.group.cam.ac.uk. The CMA’s assessment of customer detriment in the UK retail energy market EPRG Working Paper 2015 Cambridge Working Paper in Economics 2051. -
www.eprg.group.cam.ac.uk The 2022 Energy Crisis: horizontal and…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2216.pdf12 Dec 2023: EPRG Working Paper 2216 Cambridge Working Paper in Economics CWPE2257. Paul Simshauser Abstract. ... Professor of Economics, Centre for Applied Energy Economics & Policy Research, Griffith University. -
Abstract_EPRG1207
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1207.pdf7 Dec 2023: EPRG Working Paper 1207 Cambridge Working Paper in Economics 1214. Philipp-Bastian Brutscher. ... Self-Disconnection Among Pre-Payment. Customers - A Behavioural Analysis. Philipp-Bastian Brutscher. Electricity Policy Research Group and Faculty of -
The assessment of customer detriment in the retail energy market
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1703.pdf8 Dec 2023: www.eprg.group.cam.ac.uk. The CMA’s assessment of customer detriment in the GB retail energy market EPRG Working Paper 1703 Cambridge Working Paper in Economics 1707. -
1 An Overall Customer Satisfaction score for GB energy ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2027.pdf11 Dec 2023: Waddams Price and Zhu (2016) provide recent analysis, summary and discussion, including good coverage of the behavioural economics literature, and other products and countries. -
On Dividend Policy
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1827.pdf8 Dec 2023: Professor of Economics, Griffith Business School, Griffith University. Views expressed in this article are those of the author. ... 2017). But price discrimination is unremarkable in economics, is a predictable outcome of rising competition and is -
www.eprg.group.cam.ac.uk In Search of ‘Good’ Energy Policy: The…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1520.pdf8 Dec 2023: The faculties include Economics, Management, Law, History, Land Economy, Social Anthropology, History and Philosophy of Science, Divinity, Psychology, Earth Sciences, Computer Science and Engineering. ... Many humanities and social science disciplines -
Slide 1
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-research-methods-for-the-built-environment.pdf5 Feb 2024: We are fundamentally concerned with actual human behaviour individually or collectively (most economics is behavioural economics). • ... Behavioural Economics: Conventional Theory. w w w.eprg.group.cam.ac.uk. 18. • We are working with NIE Energy. • -
Explanatory Statement on the Regulatory Conduct Authority’s…
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-explanatory-statement-on-the-regulatory-conduct-authoritys-occasional-paper-1.pdf8 Feb 2024: There was a wide variety of responses to “Applying behavioural economics at the Regulatory Conduct Authority”, Occasional Paper 1, published on 1 April 2014. ... If behavioural economics offers a generally plausible picture of consumers and also of -
Hepburn160606
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0621.pdf5 Dec 2023: pricing mechanisms. Keywords: European emission trading, auctions, price floor JEL classifications: D44, L10, Q52 _____________________________________________________________________________________________. E‐mail address: -
www.eprg.group.cam.ac.uk Defining gas price limits and gas saving…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2212.pdf12 Dec 2023: EPRG Working Paper 2212. Cambridge Working Paper in Economics CWPE 2239. -
1 Time to stop digging: A submission to Ofgem’s ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_Ofgem_19Feb2021.pdf7 Feb 2024: In parallel, Ofgem announced that it had “implicitly used insights from behavioural economics for many years” to deal with “weak customer engagement”. ... Ofgem cited the OFT’s paper “What does Behavioural Economics mean for competition policy -
1 Competition, Regulation and Price Controls in the GB ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_-8-Apr-2018Upd.pdf7 Feb 2024: raising price above the formerly regulated level.” Two other developments in economics are also relevant. ... The other is behavioural economics, with its recognition that customers are not necessarily the economic agents of elementary economic theory. -
Addressing self-disconnection among prepayment energy consumers: A…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1328.pdf7 Dec 2023: Addressing self-disconnection among prepayment energy consumers: A behavioural approach. EPRG Working Paper 1328 Cambridge Working Paper in Economics 1353. ... than because of a “behavioural” change. Second, we want to ensure that those consumers. -
ReportforWhichFinal100511
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-ReportforCAFinal100511EPRG.pdf8 Feb 2024: aims to create greater long-term certainty around the economics. of plants from different technologies. ... for achieving this are mentioned: (1) the economics of low-carbon generation, (2) the investment. -
Document 1
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp1034.pdf6 Dec 2023: Others have sought to supplement the market failure approach with insights from areas such as transaction costs and behavioural economics. ... uncertainty and risk. Behavioural economics. Bounded rationality. When individuals do not make decisions in -
The return to price caps: Where did it all go wrong and how to fix…
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_9Oct17_Beesley.pdf2 Feb 2024: Also need to rethink behavioural economics & competition – but why wait for economics profession? • ... Effects of policy. Behavioural economics. Misuse of behavioural economics. Competition & CC/CMA Guidelines. -
The CMA energy market investigation, the well-functioning market,…
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_CMA-energy-market-investigation-8-Feb-2016_web.pdf7 Feb 2024: 1. The CMA energy market investigation, the well-functioning market, Ofgem, Government and behavioural economics. ... Separately, there is accumulating evidence about the often-unintended effects of behavioural economics remedies. -
www.eprg.group.cam.ac.uk Vulnerable households and fuel poverty:…
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp2108.pdf11 Dec 2023: www.eprg.group.cam.ac.uk. Vulnerable households and fuel poverty: policy targeting efficiency in Australia’s National Electricity Market EPRG Working Paper 2108 Cambridge Working Paper in Economics 2129. ... Professor of Economics, Griffith -
Microsoft PowerPoint - 2023_can we nudge to zero_EPRG Conference…
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/01/eprg-EPRG-Reisch.pdf24 Jan 2024: Lucia A. Reisch. El-Erian Professor of Behavioural Economics and Policy University of Cambridge, UK. ... 18. 1. Behavioural insights-based instruments can be very effective, sometimesmore than harder instruments. -
Competition and the UK retail energy market
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_NZ_Dec17.pdf2 Feb 2024: Focus on customer failure but little acknowledgement of regulatory failure• Conclusion: Need to reorient behavioural economics to reforming. ... analyses by Ofgem & CMA deficient in various respects• Problems too with some uses of behavioural -
Response to CMA on Supplemental Remedies
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-Response-to-CMA-on-Supplemental-Remedies-9-Nov-2015.pdf7 Feb 2024: That report concludes, “Given we see little or no influence on consumers’ hierarchy of priorities from the effect of presenting information based on principles drawn from behavioural economics, we need to -
1 The Evolution of Competitive Retail Electricity Markets By ...
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-S.-Littlechild_Chapter-04_23-Oct-2020.pdf7 Feb 2024: 1. The Evolution of Competitive Retail Electricity Markets. By Stephen Littlechild1. 1. Introduction. ‘Electricity markets’ in general, and certainly ‘competitive retail electricity markets’, are barely 30 years old. As Schmalensee explains -
SCL response to Ofgem consultation
https://www.jbs.cam.ac.uk/wp-content/uploads/2024/02/eprg-SCL-Response-to-Ofgem-consultation-21-Dec-2012rev.pdf2 Feb 2024: 12. Information and complexity, or price and advertising? Ofgem provides extensive references to its behavioural and other consumer research.
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