CEU Electronic Theses and Dissertations, 2009
| Author | Sharmina, Maria |
|---|---|
| Title | Hungarian Green Investment Scheme: a Game Theoretic Approach |
| Summary | Game theoretic concepts are widely used in the environmental area. However, application of game theory to the field of energy efficiency, particularly in the buildings sector, remains largely unexplored. This thesis aims at proving that game theory might be instrumental in finding the strategies to turn panel block constructions into energy efficient buildings. The research is based on the idea that a well-designed Green Investment Scheme (to be applied in Hungary), or a GIS, is an effective funding mechanism that can motivate a building’s dwellers to opt for an energy efficient renovation of their house. To support this hypothesis, two game theoretic models are developed that present interactions, first, between dwellers within one building and, second, between the government and households. Results suggest that a household invests into a retrofit when the benefit it obtains from it surpasses a certain threshold. Additionally, the investment increases with neighbor’s benefit if the latter is high enough. It is also shown that a GIS is an efficient instrument of national policy only if households face audits with a certain probability. |
| Supervisor | Baniak, Andrzej |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2009/sharmina_maria.pdf |
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