Lack of cultural knowledge, poor livelihood and inappropriate value orientation of electric power universal service recipient groups basically influence their electricity consumption habit in china. In order to assess the effect of power universal service distribution and measure the welfare of recipient groups, this paper researches individual electricity consumption mentality and behavior through behavioral economics theory, establishes a subjective welfare function tracing recipient individual based on cumulative prospect theory , constructs the recipient groups’ subjective welfare function following the traditional social welfare function and researches the influence of the changes of psychological reference points. Through example analysis combined with function feasibility, this paper proves the subjective well-being effect of recipient groups declines when the psychological reference point increases.
Published in | International Journal of Energy and Power Engineering (Volume 4, Issue 1) |
DOI | 10.11648/j.ijepe.20150401.15 |
Page(s) | 32-38 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Electric Power Universal Service, Consumer Psychology, Subjective Well-Being, Cumulative Prospect Theory
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APA Style
Hui-ru Zhao, Hui-juan Huo. (2015). Subjective Well-being Effects for Electric Power Universal Service Recipients in China from a Culture Poverty Perspective. International Journal of Energy and Power Engineering, 4(1), 32-38. https://doi.org/10.11648/j.ijepe.20150401.15
ACS Style
Hui-ru Zhao; Hui-juan Huo. Subjective Well-being Effects for Electric Power Universal Service Recipients in China from a Culture Poverty Perspective. Int. J. Energy Power Eng. 2015, 4(1), 32-38. doi: 10.11648/j.ijepe.20150401.15
AMA Style
Hui-ru Zhao, Hui-juan Huo. Subjective Well-being Effects for Electric Power Universal Service Recipients in China from a Culture Poverty Perspective. Int J Energy Power Eng. 2015;4(1):32-38. doi: 10.11648/j.ijepe.20150401.15
@article{10.11648/j.ijepe.20150401.15, author = {Hui-ru Zhao and Hui-juan Huo}, title = {Subjective Well-being Effects for Electric Power Universal Service Recipients in China from a Culture Poverty Perspective}, journal = {International Journal of Energy and Power Engineering}, volume = {4}, number = {1}, pages = {32-38}, doi = {10.11648/j.ijepe.20150401.15}, url = {https://doi.org/10.11648/j.ijepe.20150401.15}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepe.20150401.15}, abstract = {Lack of cultural knowledge, poor livelihood and inappropriate value orientation of electric power universal service recipient groups basically influence their electricity consumption habit in china. In order to assess the effect of power universal service distribution and measure the welfare of recipient groups, this paper researches individual electricity consumption mentality and behavior through behavioral economics theory, establishes a subjective welfare function tracing recipient individual based on cumulative prospect theory , constructs the recipient groups’ subjective welfare function following the traditional social welfare function and researches the influence of the changes of psychological reference points. Through example analysis combined with function feasibility, this paper proves the subjective well-being effect of recipient groups declines when the psychological reference point increases.}, year = {2015} }
TY - JOUR T1 - Subjective Well-being Effects for Electric Power Universal Service Recipients in China from a Culture Poverty Perspective AU - Hui-ru Zhao AU - Hui-juan Huo Y1 - 2015/02/03 PY - 2015 N1 - https://doi.org/10.11648/j.ijepe.20150401.15 DO - 10.11648/j.ijepe.20150401.15 T2 - International Journal of Energy and Power Engineering JF - International Journal of Energy and Power Engineering JO - International Journal of Energy and Power Engineering SP - 32 EP - 38 PB - Science Publishing Group SN - 2326-960X UR - https://doi.org/10.11648/j.ijepe.20150401.15 AB - Lack of cultural knowledge, poor livelihood and inappropriate value orientation of electric power universal service recipient groups basically influence their electricity consumption habit in china. In order to assess the effect of power universal service distribution and measure the welfare of recipient groups, this paper researches individual electricity consumption mentality and behavior through behavioral economics theory, establishes a subjective welfare function tracing recipient individual based on cumulative prospect theory , constructs the recipient groups’ subjective welfare function following the traditional social welfare function and researches the influence of the changes of psychological reference points. Through example analysis combined with function feasibility, this paper proves the subjective well-being effect of recipient groups declines when the psychological reference point increases. VL - 4 IS - 1 ER -