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| DOI | 10.1016/j.enpol.2021.112458 |
| The landlord-tenant problem and energy efficiency in the residential rental market | |
| Petrov I.; Ryan L. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 157 |
| 英文摘要 | The aim of this paper is to test for the persistence of the landlord-tenant energy efficiency problem in the residential rental property market in the presence of information on property energy performance. To do this, we compare the efficiency of rental and non-rental properties using a combination of Coarsened Exact Matching (CEM) and parametric regression. We use a sample of 585,578 residential properties in the Republic of Ireland - a region that legally requires rental properties to display energy performance certificates when advertised. The findings suggest that the landlord-tenant problem is present in the Irish rental market but that it is not uniform across locations, indicating the influence of other factors. To explore this further, we exploit the regional variation in rental property prices. We find a larger difference between rental and non-rental properties’ energy efficiency in markets with scarcity in rental property supply. In addition, we are able to take advantage of a unique trait in building design to compare rental and non-rental properties which were identical at the time of their construction. The findings from this sub-group mirror our finding for the sample as a whole. © 2021 |
| 关键词 | Coarsened exact matching (CEM)Energy efficiencyEnergy performance certificate (EPC)Information asymmetryMarket failuresResidential propertiesSplit incentives |
| 英文关键词 | Architectural design; Commerce; Computational electromagnetics; Energy efficiency; Coarsened exact matching; Energy; Energy performance; Energy performance certificate; Information asymmetry; Market failures; Property; Property market; Residential property; Split incentives; Housing |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205297 |
| 作者单位 | Energy Institute and School of Economics, University College Dublin, Ireland |
| 推荐引用方式 GB/T 7714 | Petrov I.,Ryan L.. The landlord-tenant problem and energy efficiency in the residential rental market[J],2021,157. |
| APA | Petrov I.,&Ryan L..(2021).The landlord-tenant problem and energy efficiency in the residential rental market.Energy Policy,157. |
| MLA | Petrov I.,et al."The landlord-tenant problem and energy efficiency in the residential rental market".Energy Policy 157(2021). |
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