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Research Seminar: Jesse Burkhardt
February 23, 2018 @ 3:15 pm - 5:00 pm
The Division of Economics and Business presents:
Research Seminar: Jesse Burkhardt, Assistant Professor, Colorado State University
Peer Effects in Water Conservation: Evidence from Consumer Migration
Social interactions are widely understood to influence consumer decisions in many choice settings. This paper identifies causal peer effects in water conservation utilizing variation from consumer migration. After using a machine learning approach to classify extremely high-resolution remote sensing data, we show that the water conservation effects can be attributed to peer effects in the diffusion of dry landscaping. We provide evidence that without a price signal, peer effects are muted, highlighting an important relationship between information transmission and prices. These results inform water use policy in many areas of the world threatened by recurring drought conditions.
Free and open to the public. Food & drinks will be served.