Energy labels have been introduced in many countries to increase consumers’ attention to energy use in purchase decisions of durables. In a discrete-choice experiment among about 5,000 households, we implement randomized information treatments to explore how energy labels influence purchasing...

Many countries have introduced Energy Performance Certificates to mitigate the information asymmetry with respect to the thermal quality of houses. Drawing on a stylized theoretical model that is coupled with comprehensive data on real estate advertisements in the German housing market, this...

As of May 1, 2014, sellers on the German real estate market are obliged to disclose a house's energy consumption per square meter in their advertisements. The effect of this law has been to substantially increase the transparency of the real estate market. At the same time, the introduction of...

Mit der seit dem 1. Mai 2014 gesetzlich vorgeschriebenen Informationspflicht hat sich der Anteil an Immobilienanzeigen, die den Wärmeenergieverbrauch des zum Verkauf stehenden Hauses veröffentlichen, deutlich erhöht. Gleichzeitig sanken die Angebotspreise für Immobilien mit hohem Verbrauch....