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  Weather to pay attention to energy efficiency on the housing market

Fang, X., Singhal, P. (2024 online): Weather to pay attention to energy efficiency on the housing market. - Economics Letters, 245, 112041.
https://doi.org/10.1016/j.econlet.2024.112041

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 Creators:
Fang, Ximeng1, Author
Singhal, Puja2, Author              
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: Energy efficiency improvements can play an important role in reducing emissions from residential buildings, yet consumer decisions involving energy costs can be subject to bounded rationality due to, e.g., inattention and myopia. We present evidence that long-term, high-stakes decisions in the housing market are influenced by short-term contextual factors. Using data on housing transactions through a large online platform in Germany, we document that houses purchased following unusually cold weather tend to be more energy efficient, while the reverse is not true for unusually warm weather. This asymmetry suggests that the effect of temperature fluctuations on energy efficiency demand may be driven by salience of heating costs.

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Language(s): eng - English
 Dates: 2024-06-262024-10-212024-10-28
 Publication Status: Published online
 Pages: 4
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1016/j.econlet.2024.112041
Organisational keyword: RD3 - Transformation Pathways
PIKDOMAIN: RD3 - Transformation Pathways
Working Group: Climate & Energy Policy
MDB-ID: No data to archive
Model / method: Quantitative Methods
Regional keyword: Germany
Research topic keyword: Economics
Research topic keyword: Energy
OATYPE: Hybrid Open Access
 Degree: -

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Project name : ARIADNE
Grant ID : 03SFK5A0
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Title: Economics Letters
Source Genre: Journal, SSCI, Scopus
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Pages: - Volume / Issue: 245 Sequence Number: 112041 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/1873-7374
Publisher: Elsevier