To access the full text documents, please follow this link: http://hdl.handle.net/2445/125238
dc.contributor.author | Fleckinger, Pierre |
---|---|
dc.contributor.author | Glachant, Matthieu |
dc.contributor.author | Tamokoué Kamga, Paul-Hervé |
dc.date | 2018-10-10T09:34:22Z |
dc.date | 2018-10-10T09:34:22Z |
dc.date | 2018 |
dc.identifier | http://hdl.handle.net/2445/125238 |
dc.identifier.uri | http://hdl.handle.net/2445/125238 |
dc.description | In the European Union, Energy Performance Certificates (EPCs) provide potential buyers or tenants with information on a property's energy performance. By mitigating informational asymmetries on real estate markets, the conventional wisdom is that they will reduce energy use, increase energy-efficiency investments, and improve social welfare. We develop a dynamic model that partly contradicts these predictions. Although EPCs always improve social welfare, their impact on energy use and investments is ambiguous. This implies that, in a second-best world where energy externalities are under-priced and/or homeowners have behavioral biases hindering investments (myopia), EPCs can damage social welfare. This calls for using mandatory energy labeling in contexts where additional instruments efficiently mitigate the other imperfections. |
dc.format | 28 p. |
dc.format | application/pdf |
dc.language | eng |
dc.publisher | Institut d’Economia de Barcelona |
dc.relation | Reproducció del document publicat a: http://ieb.ub.edu/wp-content/uploads/2018/09/2018-IEB-WorkingPaper-11.pdf |
dc.relation | IEB Working Paper 2018/11 |
dc.relation | [WP E-IEB18/11] |
dc.rights | cc-by-nc-nd, (c) Fleckinger et al., 2018 |
dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
dc.rights | info:eu-repo/semantics/openAccess |
dc.subject | Distribució d'energia elèctrica |
dc.subject | Eficiència industrial |
dc.subject | Etiquetatge |
dc.subject | Electric power distribution |
dc.subject | Industrial efficiency |
dc.subject | Labeling |
dc.title | Energy performance certificates and investments in building energy efficiency: a theoretical analysis |
dc.type | info:eu-repo/semantics/workingPaper |