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We take advantage of unusually wide variation in thermal insulation in a sample of house sales to estimate the market value of basic code-level insulation. Insulation levels vary across the houses in our sample because standard practice in New Zealand was to build houses with no thermal...
Persistent link: https://www.econbiz.de/10010635960
various channels: through the adverse effects of energy prices on economic activity and income reducing the demand for housing …; through the particular impact on construction and operation costs and their effects on the supply and demand of housing … attractiveness of commodity versus housing investment on asset markets; or through a lagging impact of common factors on both …
Persistent link: https://www.econbiz.de/10011208291
This paper proposes a dynamic programming model to explore the optimal stockpiling path for China's strategic petroleum reserve before 2020. The optimal oil acquisition sizes in 2008–2020 under different scenarios are estimated. The effects of oil price, risks and elasticity value on inventory...
Persistent link: https://www.econbiz.de/10010868701
In the last 10years, thanks to the worldwide energy liberalization process, the birth of competitive gas markets and the recent financial crisis, traditional long term swing contracts in Europe have been supplemented in a significant way by make-up clauses which allow postponing the withdrawal...
Persistent link: https://www.econbiz.de/10010868754
This paper examines the role of Australian hot water system rebate programs in shifting the existing stock of electric water heaters toward more climate friendly versions using two unique data sets from New South Wales homeowners. The first data set is based on a survey of households who...
Persistent link: https://www.econbiz.de/10010718794
characteristics on energy consumption, through choice of the housing unit characteristics, the total impact of households on energy … consumption is just slightly smaller than that of buildings. Outcomes of this paper call for smart policies to incorporate housing …
Persistent link: https://www.econbiz.de/10011100082
The residential sector accounts for one-fifth of global energy consumption, resulting from the requirements to heat, cool, and light residential dwellings. It is therefore not surprising that energy efficiency in the residential market has gained importance in recent years. In this paper, we...
Persistent link: https://www.econbiz.de/10011039556
This paper investigates whether energy performance ratings, as measured by mandatory Energy Performance Certificates (EPCs), are reflected in the sale prices of residential properties. This is the first large-scale empirical study of this topic in England involving 333,095 dwellings sold at...
Persistent link: https://www.econbiz.de/10011208279
This paper examines the impact of wind turbines on house values in Rhode Island. In contrast to wind farms surrounded by sparse development, in Rhode Island single turbines have been built in relatively high population dense areas. As a result, we observe 48,554 single-family, owner-occupied...
Persistent link: https://www.econbiz.de/10011100123
As two of the most important instruments for dealing with the issues of energy supply security, strategic petroleum reserves (SPRs) and oil import tariffs have been proven effective in developed countries. While China is currently building up its strategic oil reserves to ensure energy security,...
Persistent link: https://www.econbiz.de/10010939460