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dc.contributor.authorMarmolejo Duarte, Carlos Ramiro
dc.contributor.authorChen, Ai
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament de Tecnologia de l'Arquitectura
dc.coverage.spatialeast=-3.7035285; north=40.4169473; name=Sol, 28013 Madrid, Espanya
dc.coverage.spatialeast=2.177020311355591; north=41.3826973787548; name=Pl. de Sant Jaume, 7, 08002 Barcelona, Espanya
dc.date.accessioned2022-06-08T16:15:03Z
dc.date.issued2022-07-01
dc.identifier.citationMarmolejo, C.; Chen, A. The effect of energy performance ratings over residential prices or how an insufficient control of architectural-quality may render spurious conclusions. "Cities", 1 Juliol 2022, vol. 126, núm. article 103674.
dc.identifier.issn0264-2751
dc.identifier.urihttp://hdl.handle.net/2117/368166
dc.description.abstractThe European Union has relied upon information symmetry theory to foster decarbonization of existing buildings in cities under the hypothesis that efficient buildings receive a market premium. Hedonic analysis of housing prices across European cities suggests the existence of such a premium; while opinion-based research concludes that households pay scarce attention to energy performance when letting or buying a home. These approaches render inconclusive evidence regarding the role of energy-information symmetry as public policy in climate change mitigation through market prices. Since energy-efficiency attributes are contingent on the architectural quality of homes, poor control of the latter in hedonic models may bring biased conclusions regarding the former. The main contribution of this piece is to improve the control of these non-energy attributes using a visual inspection of listed apartments in Madrid and Barcelona. Results suggest that the energy-efficiency price premium completely disappears when other quality attributes are considered in full. This finding has large implications for energy and city policies.
dc.format.extent15 p.
dc.language.isoeng
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectÀrees temàtiques de la UPC::Urbanisme
dc.subject.lcshDwellings -- Energy conservation
dc.subject.lcshHousing -- Prices
dc.subject.otherEnergy efficiency
dc.subject.otherHousing market
dc.subject.otherQuality assessment
dc.subject.otherBarcelona
dc.subject.otherMadrid
dc.subject.otherEnergy performance certificates
dc.titleThe effect of energy performance ratings over residential prices or how an insufficient control of architectural-quality may render spurious conclusions
dc.typeArticle
dc.subject.lemacHabitatges -- Estalvi d'energia
dc.subject.lemacHabitatge -- Preus
dc.contributor.groupUniversitat Politècnica de Catalunya. CPSV - Centre de Política de Sòl i Valoracions
dc.identifier.doi10.1016/j.cities.2022.103674
dc.description.peerreviewedPeer Reviewed
dc.relation.publisherversionhttps://www.sciencedirect.com/science/article/abs/pii/S0264275122001135
dc.rights.accessRestricted access - publisher's policy
local.identifier.drac33089301
dc.description.versionPostprint (author's final draft)
dc.relation.projectidinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104561RB-I00/ES/ALLENDE LOS EPC. REQUERIMIENTOS, POTENCIAL Y RIESGOS DE LAS HIPOTECAS DE EFICIENCIA ENERGETICA EN LA PROMOCION RESIDENCIAL EFICIENTE E IMPACTO DE LOS NZEB EN LOS VALORES/
dc.date.lift2024-08-01
local.citation.authorMarmolejo, C.; Chen, A.
local.citation.publicationNameCities
local.citation.volume126
local.citation.numberarticle 103674


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