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-run energy efficiency investment by increasing the returns homeowners expect on these investments when they sell …
Persistent link: https://www.econbiz.de/10012853658
and the market and regulatory mechanisms that can overcome financial and informational barriers to investment in energy …
Persistent link: https://www.econbiz.de/10012825578
We revisit optimal investment in energy-efficiency, presenting a decision framework built around the agent's wealth and … wealth dynamic. An investment rule in the form of a trigger is derived such that the agent invests the first time the energy …
Persistent link: https://www.econbiz.de/10013457313
We examine whether agency issues due to asymmetric information affect the cost-effectiveness of subsidy programs for energy efficiency investments. In 2009, the Flemish government introduced a reduction in the property tax of 20% to 40% for energy efficient houses. Exploiting the notch to...
Persistent link: https://www.econbiz.de/10014084404
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...
Persistent link: https://www.econbiz.de/10013315011
meeting objectives, such as reducing greenhouse gas emissions, correcting for consumer error in energy efficiency investment …
Persistent link: https://www.econbiz.de/10013091499
We consider a two-periods-model of differentiated duopoly. Firms produce an en-ergy consuming household durable differentiated by its energy efficiency. Consumers differ by the weight they apply to their future energy costs when deciding which product to buy. In line with the Japanese Top Runner...
Persistent link: https://www.econbiz.de/10011430246
This paper shows that firms respond strategically to ENERGY STAR, a voluntary certification program for energy-efficient products. Firms offer products that bunch at the certification requirement, differentiate certified products in energy and non-energy dimensions, and charge a price premium on...
Persistent link: https://www.econbiz.de/10011880811
explicitly in a conventional (static) evaluation to identify the investment alternatives maximizing the net present value (NPV …) evaluation methodology is developed, featuring a real options investment appraisal. The methodological advancements introduced … substantial value of waiting, making it more rational to postpone the investment. Further insight is gained on various aspects of …
Persistent link: https://www.econbiz.de/10013084876
explicitly in a conventional (static) evaluation to identify the investment alternatives maximizing the net present value (NPV …) evaluation methodology is developed, featuring a real options investment appraisal. The methodological advancements introduced … substantial value of waiting, making it more rational to postpone the investment. Further insight is gained on various aspects of …
Persistent link: https://www.econbiz.de/10013067210