Blame it on the owner — Ownership and energy performance of multi-dwelling buildings

Thomas Broberg and Alejandro Egüez

Energy Economics, 2018, vol. 72, issue C, 108-119

Abstract: 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.

Keywords: Energy efficiency; Energy performance certificates; Multi-dwelling buildings; Ownership; Principal-agent; Public versus private management; Split incentives (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:72:y:2018:i:c:p:108-119

DOI: 10.1016/j.eneco.2018.03.026

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