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Energy-efficient investments in housing

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  • Bishop, Kelly C.
  • Kiribrahim-Sarikaya, Ozgen

Abstract

In recent years, many papers in environmental economics have considered the household’s decision to invest in energy-efficient technologies for their home. The vast majority of these studies have concluded that investment levels in these technologies are sub-optimal for a variety of reasons. In this paper, we synthesize the suggested drivers of these investment wedges and propose a dynamic modeling framework of a housing choice and an energy-efficient-investment choice that includes the proposed channels. We discuss the estimation challenges associated with this model and conclude with suggestions for future research.

Suggested Citation

  • Bishop, Kelly C. & Kiribrahim-Sarikaya, Ozgen, 2024. "Energy-efficient investments in housing," Regional Science and Urban Economics, Elsevier, vol. 107(C).
    • Handle: RePEc:eee:regeco:v:107:y:2024:i:c:s0166046224000188
    DOI: 10.1016/j.regsciurbeco.2024.103994
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    More about this item

    Keywords

    Housing; Dynamics; Energy efficiency; Green building;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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