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http://hdl.handle.net/2445/125238
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DC Field | Value | Language |
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dc.contributor.author | Fleckinger, Pierre | - |
dc.contributor.author | Glachant, Matthieu | - |
dc.contributor.author | Tamokoué Kamga, Paul-Hervé | - |
dc.date.accessioned | 2018-10-10T09:34:22Z | - |
dc.date.available | 2018-10-10T09:34:22Z | - |
dc.date.issued | 2018 | - |
dc.identifier.uri | http://hdl.handle.net/2445/125238 | - |
dc.description.abstract | 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. | ca |
dc.format.extent | 28 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | ca |
dc.publisher | Institut d’Economia de Barcelona | ca |
dc.relation.isformatof | Reproducció del document publicat a: http://ieb.ub.edu/wp-content/uploads/2018/09/2018-IEB-WorkingPaper-11.pdf | - |
dc.relation.ispartof | IEB Working Paper 2018/11 | - |
dc.relation.ispartofseries | [WP E-IEB18/11] | - |
dc.rights | cc-by-nc-nd, (c) Fleckinger et al., 2018 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.source | IEB (Institut d’Economia de Barcelona) – Working Papers | - |
dc.subject.classification | Distribució d'energia elèctrica | cat |
dc.subject.classification | Eficiència industrial | cat |
dc.subject.classification | Etiquetatge | - |
dc.subject.other | Electric power distribution | eng |
dc.subject.other | Industrial efficiency | eng |
dc.subject.other | Labeling | - |
dc.title | Energy performance certificates and investments in building energy efficiency: a theoretical analysis | ca |
dc.type | info:eu-repo/semantics/workingPaper | ca |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca |
Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
File | Description | Size | Format | |
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IEB18-11_Fleckinger.pdf | 1.71 MB | Adobe PDF | View/Open |
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