An analysis of the economic effects of U.S. energy efficiency standards

Abstract

The purpose of this study is to analyze the economic effects of federally mandated energy efficiency standards on the market for appliances. The analytical focal point of this thesis centers on representative studies and Congressional testimony supplemented by current articles and data. The benefits and costs of energy efficiency standard implementation are examined. Economic assumptions and key determinant factors that drive results such as discount rate selection, provide the basis for objective comparison. The findings of this study support the need for Federal intervention in the home appliance market to alleviate economic market failures.