State Mandates on Renewable Heating Technologies and the Housing Market

IF 1.3 4区经济学 Q3 ECONOMICS

Land Economics Pub Date : 2023-03-22 DOI:10.3368/le.99.4.061422-0045r

Robert Germeshausen, Kathrine von Graevenitz

引用次数: 0

Abstract

We study the effect of a state level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10 % renewable energy sources when changing the heating system in the existing building stock. The mandate could lower the relative price of homes in the existing building stock. We implement a two stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. We find no evidence of a negative effect of the mandate on housing prices.

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各州对可再生供暖技术和住房市场的规定

摘要:我们研究了州一级对可再生供暖技术的授权对住房市场的影响。该命令要求在改变现有建筑的供暖系统时，可再生能源的比例至少为10%。这项规定可能会降低现有建筑存量房屋的相对价格。我们实施了一种两阶段的差中差最近邻匹配方法，以确定对价格的影响，利用不同地点和建筑库存年份的监管差异。我们没有发现政策对房价有负面影响的证据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Land Economics Multiple-

CiteScore

2.60

自引率

0.00%

发文量

期刊介绍： Land Economics is dedicated to the study of land use, natural resources, public utilities, housing, and urban land issues. Established in 1925 by the renowned economist and founder of the American Economic Association, Richard T. Ely at the University of Wisconsin, Land Economics has consistently published innovative, conceptual, and empirical research of direct relevance to economists. Each issue brings the latest results in international applied research on such topics as transportation, energy, urban and rural land use, housing, environmental quality, public utilities, and natural resources.