with Dirk Brounen, Journal of Environmental Economics and Management (2011) |
Download |
|
This paper reports the first evidence on the market adoption and economic implications of energy performance certificates implemented by the European Union. The results show that adoption rates are low and declining over time, coinciding with negative sentiment regarding the label in the popular media. Labels are clustered among smaller, post-war homes in neighborhoods with more difficult selling conditions. We also document that the adoption rates of energy labels have a positive relation to the number of “green” voters during the 2006 national elections. Within the sample of labeled homes, the energy label creates transparency in the energy performance of dwellings. Our analysis shows that consumers capitalize this information into the price of their prospective homes. |
« Call for Papers Berkeley-Maastricht Conference on "Green Building, the Economy, and Public Policy" | Main | New papers (finally), building technology and other stuff »
08/16/2010
The comments to this entry are closed.
Skype
LinkedIn profile
Recent Posts
- Predicting Commercial Real Estate Values? Use House Prices!
- Environmental Performance and the Cost of Capital: Evidence from Commercial Mortgages and REIT Bonds
- Flash Boys in Flash(y) Buildings -- The Increasing Importance of “Fiber” in Commercial Real Estate
- STORM WATCH! These REITs and CMBS Deals Are Most Exposed To Hurricane Florence
- Green Building Certifications at All Time High in U.S. Largest Metros
- Indoor Environmental Quality and Human Performance: Evidence from a Large-Scale Field Study
- After Amazon and Whole Foods, will Alibaba buy Trader Joe’s?
- Who Cares About Climate Risk? (The real estate sector should…)
- The CBRE/Maastricht University International Green Building Adoption Index (2018)
- On the Economics of Health in Homes
Comments