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Blame it on the owner – Ownership and energy performance of multi-dwelling buildings
Umeå University, Faculty of Social Sciences, Center for Environmental and Resource Economics (CERE). Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
Umeå University, Faculty of Social Sciences, Center for Environmental and Resource Economics (CERE). Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.ORCID iD: 0000-0002-6067-3296
2018 (English)In: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181, Vol. 72, p. 108-119Article in journal (Refereed) Published
Abstract [en]

In this paper, we investigate the energy efficiency of multi-dwelling buildings in Sweden to find out whether the type of ownership matters. More specifically, we investigate whether rental apartment buildings are less energy efficient than cooperative apartment buildings and whether public ownership has a negative impact on energy efficiency. A conceptual framework is presented to illustrate that such differences could be explained by the split incentives problem and deviations from profit maximizing interests. The empirical analysis is based on a unique dataset that combines data from energy performance certificates with ownership data on residential units. The results indicate that cooperative apartment buildings are significantly more energy efficient than buildings with rental apartments. The results also indicate that publicly owned buildings have somewhat lower energy performance than privately owned ones.

Place, publisher, year, edition, pages
Elsevier, 2018. Vol. 72, p. 108-119
Keywords [en]
energy efficiency, energy performance certificates, multi-dwelling buildings, ownership, principal-agent, public versus private management, split incentives
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:umu:diva-146385DOI: 10.1016/j.eneco.2018.03.026ISI: 000442019700008Scopus ID: 2-s2.0-85045022262OAI: oai:DiVA.org:umu-146385DiVA, id: diva2:1212703
Funder
Swedish Energy Agency, 39937-1Available from: 2018-06-03 Created: 2018-06-03 Last updated: 2018-09-07Bibliographically approved

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Broberg, ThomasEgüez, Alejandro

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CiteExportLink to record
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  • apa
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  • de-DE
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