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dc.contributor.authorMarmolejo Duarte, Carlos Ramiro
dc.contributor.authorBravi, M.
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura
dc.identifier.citationMarmolejo, C., Bravi, M. Does the energy label (EL) matter in the residential market?: a stated preference analysis in Barcelona. "Buildings", 16 Juliol 2017, vol. 7, núm. 2, p. 1-17.
dc.description.abstractEnergy performance in buildings has become a milestone in EU environmental policy in the last 15 years. Nonetheless, in some countries such as Spain the full acceptance of the Energy Performance of Buildings Directive is still relatively rare and novel, with little evidence as to how relevant it is in the real estate market. There are different reasons for this phenomenon: on the one hand, the real estate crisis has paralyzed the completion of most of the works in new/refurbished efficient buildings (which renders it impossible to use revealed preference methods); on the other hand, information is not complete and the consumer's perception of the relevant cost/benefits could be incorrect. For this reason, assessing the trade-off between the energy label and other specific attributes of the housing market has become important. To that end, a choice experiment following an RPL (Random Parameter Logit) model was employed. This form is suitable to accommodate various empirical situations where the assumptions of the Conditional Logit model have to be relaxed. Results suggest that the Energy Label (EL) does matter in the real estate market in relation to other residential attributes. Marginal willingness to pay for an
dc.format.extent17 p.
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Spain
dc.subjectÀrees temàtiques de la UPC::Energies::Gestió de l'energia::Estalvi energètic
dc.subjectÀrees temàtiques de la UPC::Urbanisme
dc.subject.lcshBuildings -- Energy conservation -- Spain -- Barcelona
dc.subject.lcshReal property -- Valuation -- Spain -- Barcelona
dc.subject.otherBuildings' energy performance
dc.subject.otherChoice experiments
dc.subject.otherEnergy Label (EL)
dc.subject.otherEnergy Performance Certifications (EPC)
dc.subject.otherHousing policies
dc.subject.otherRandom Parameters Logit (RPL)
dc.subject.otherUnlabelled choices
dc.titleDoes the energy label (EL) matter in the residential market?: a stated preference analysis in Barcelona
dc.subject.lemacBéns immobles -- Valoració -- Catalunya -- Barcelona
dc.subject.lemacEdificis -- Estalvi d'energia -- Catalunya -- Barcelona
dc.contributor.groupUniversitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions
dc.rights.accessOpen Access
dc.description.versionPostprint (published version)
local.citation.authorMarmolejo, C.; Bravi, M.

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