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The Production of Housing Services and the Derived Demand for Residential Energy

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  • John M. Quigley

Abstract

Most studies of residential energy usage treat energy as a final consumer good. This study explicitly considers the production of housing service flows from stocks of real estate and flows of operating inputs, and considers the demand for residential energy as a factor input. The empirical results, based upon analysis of a sample of newly constructed dwellings and their occupants, are used to evaluate the effects of energy price changes on the price of housing services and on the demand for housing and real estate--thus indicating the extent of residential energy "conservation" in response to higher prices. Finally, the results are used to analyze federal and state tax subsidies for residential energy conservation.

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Bibliographic Info

Article provided by The RAND Corporation in its journal RAND Journal of Economics.

Volume (Year): 15 (1984)
Issue (Month): 4 (Winter)
Pages: 555-567

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Handle: RePEc:rje:randje:v:15:y:1984:i:winter:p:555-567

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Cited by:
  1. Quigley, John M. & Swoboda, Aaron, 2006. "The Urban Impacts of the Endangered Species Act: A General Equilibrium Analysis," Berkeley Program on Housing and Urban Policy, Working Paper Series, Berkeley Program on Housing and Urban Policy qt639089c2, Berkeley Program on Housing and Urban Policy.
  2. Li, Zhi-Chun & Chen, Ya-Juan & Wang, Ya-Dong & Lam, William H.K. & Wong, S.C., 2013. "Optimal density of radial major roads in a two-dimensional monocentric city with endogenous residential distribution and housing prices," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 43(6), pages 927-937.
  3. Konstantin A. Kholodilin & Claus Michelsen, 2014. "The Market Value of Energy Efficiency in Buildings and the Mode of Tenure," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research 1398, DIW Berlin, German Institute for Economic Research.
  4. Makram El-Shagi & Claus Michelsen & Sebastian Rosenschon, 2014. "Regulation, Innovation and Technology Diffusion: Evidence from Building Energy Efficiency Standards in Germany," Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research 1371, DIW Berlin, German Institute for Economic Research.
  5. Quigley, John M. & Swoboda, Aaron, 2006. "A General Equilibrium Analysis of Land Use Restrictions and Residential Welfare," Berkeley Program on Housing and Urban Policy, Working Paper Series, Berkeley Program on Housing and Urban Policy qt11k4p0vt, Berkeley Program on Housing and Urban Policy.

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