The Production of Housing Services and the Derived Demand for Residential Energy
AbstractMost 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 InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 15 (1984)
Issue (Month): 4 (Winter)
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- 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 1371, DIW Berlin, German Institute for Economic Research.
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- Quigley, John M. & Swoboda, Aaron M., 2007. "The urban impacts of the Endangered Species Act: A general equilibrium analysis," Journal of Urban Economics, Elsevier, vol. 61(2), pages 299-318, March.
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