Would greater use of information-based programs and social networking help with energy-related decisions?

Reducing waste in energy consumption: Do flawed models equal sub-par results? “One of the most important omissions from our models is time, as a scarcity factor entering into the economic decisions of both energy suppliers and consumers. In advanced wealthy economies, time is often the most binding constraint on decision-making, not income or wealth, around which most of our economic models are designed. Time scarcity can create binding constraints on both households and businesses in many energy-related decisions, even when energy efficient products and services may be available in the marketplace, often at competitive prices.

 

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