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	<title>Creative Class &#187; green energy</title>
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		<title>Prius Effect</title>
		<link>http://www.creativeclass.com/_v3/creative_class/2009/07/12/prius-effect/</link>
		<comments>http://www.creativeclass.com/_v3/creative_class/2009/07/12/prius-effect/#comments</comments>
		<pubDate>Sun, 12 Jul 2009 19:24:32 +0000</pubDate>
		<dc:creator>Richard Florida</dc:creator>
				<category><![CDATA[Creative Class Consumption]]></category>
		<category><![CDATA[fuel-efficient cars]]></category>
		<category><![CDATA[green energy]]></category>
		<category><![CDATA[Prius]]></category>

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Why do people buy green products? A new study (h/t: Charlotta Mellander) finds that green purchases are less about energy savings or cost savings and more about image. Prius owners pay a significant premium over many conventional fuel-efficient cars. When asked about the top motivating factors behind their purchase, the comment, &#8220;makes a statement about [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.creativeclass.com/_v3/creative_class/_wordpress/wp-content/uploads/2009/07/gearshift.jpg"><img class="show alignnone size-thumbnail wp-image-12274" title="gearshift" src="http://www.creativeclass.com/_v3/creative_class/_wordpress/wp-content/uploads/2009/07/gearshift-150x150.jpg" alt="" width="150" height="150" /></a></p>
<p>Why do people buy green products? A <a href="http://www.carlsonschool.umn.edu/assets/140554.pdf">new study</a> (h/t: Charlotta Mellander) finds that green purchases are less about energy savings or cost savings and more about image. Prius owners pay a significant premium over many conventional fuel-efficient cars. When <a href="http://www.nytimes.com/2007/07/04/business/04hybrid.html">asked</a> about the top motivating factors behind their purchase, the comment, &#8220;makes a statement about me&#8221; was at the top of the list, while &#8220;higher fuel economy&#8221; came in third, and &#8220;lower emissions,&#8221; fifth. The authors argue that status plays a big role in green purchases.</p>
<blockquote><p>Because  biologists have observed that altruism might function as a &#8220;costly signal&#8221;  associated with status, we examined in three experiments how status motives  influenced desire for green products. Activating status motives led people to  choose green products over more luxurious non-green products. Supporting the  notion that altruism signals one&#8217;s willingness and ability to incur costs for  others&#8217; benefit, status motives increased desire for green products when  shopping in public (but not private), and when green products cost more (but not  less) than nongreen products.</p></blockquote>

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