Carregant...
Tipus de document
Document de treballData de publicació
Llicència de publicació
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/125238
Energy performance certificates and investments in building energy efficiency: a theoretical analysis
Títol de la revista
Director/Tutor
ISSN de la revista
Títol del volum
Recurs relacionat
Resum
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.
Matèries (anglès)
Citació
Citació
FLECKINGER, Pierre, GLACHANT, Matthieu, TAMOKOUÉ KAMGA, Paul-hervé. Energy performance certificates and investments in building energy efficiency: a theoretical analysis. _IEB Working Paper 2018/11_. [consulta: 9 de febrer de 2026]. [Disponible a: https://hdl.handle.net/2445/125238]