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Nudging Neighbors: Analyzing Peer Effects Of The Lakesmart Program In The Belgrade Lakes, George A. Voigt
Nudging Neighbors: Analyzing Peer Effects Of The Lakesmart Program In The Belgrade Lakes, George A. Voigt
Journal of Environmental and Resource Economics at Colby
Peer effects are an increasingly studied field in economics, and can have large impacts at a local level. In this research we seek to identify whether there is an impact of early adopters on their neighbors to become adopters. The scope for this study is the LakeSmart program that operate in Maine. Specifically we are focusing on the Belgrade lakes, and analyzing data from 2005 to present in addition with a survey of demographic characteristics conducted in 2011. Results suggest that the impact of a neighbor on the likelihood of a household to be LakeSmart certified is statistically significant and …