| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26436 |
| 来源ID | Working Paper 26436 |
| Effects of Mandatory Energy Efficiency Disclosure in Housing Markets | |
| Erica Myers; Steven L. Puller; Jeremy D. West | |
| 发表日期 | 2019-11-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Mandatory disclosure policies are increasingly prevalent despite sparse evidence that they improve market outcomes. We study the effects of requiring home sellers to provide buyers with certified audits of residential energy efficiency. Using similar nearby homes as a comparison group, we find this requirement increases price capitalization of energy efficiency and encourages energy-saving residential investments. We present additional evidence characterizing the market failure as symmetrically incomplete information, which is ameliorated by government intervention. More generally, we formalize and provide empirical support for seller ignorance as a motivation for disclosure policies in markets with bilaterally incomplete information about quality. |
| 主题 | Microeconomics ; Economics of Information ; Other ; Law and Economics ; Industrial Organization ; Market Structure and Firm Performance ; Environmental and Resource Economics ; Energy ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w26436 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584108 |
| 推荐引用方式 GB/T 7714 | Erica Myers,Steven L. Puller,Jeremy D. West. Effects of Mandatory Energy Efficiency Disclosure in Housing Markets. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26436.pdf（709KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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