Melanie Craxton is a Ph.D. student in the Department of Management Science & Engineering at Stanford University.
RESEARCH AREA: Energy Policy
DISSERTATION TITLE: The Economics of Information in Household Energy Consumption Decisions: A Behavioural Approach
Economists have only just started to scratch the surface of the intersection of behavioural economics and its implications for consumer behaviour and policy in the energy space. Melanie's dissertation work aims to bring insights from the former literature into considerations of the latter. Specifically, her dissertation focuses on consumers' perception, or misperception. of information, such as costs or prices, that lead them to behave sub-optimally in traditional economic terms, particularly when understanding decisions related to energy consumption. Specific focus is given to California's Net Metering policy for rooftop solar production and household purchases of energy-consuming durable goods (i.e. appliances).