Housing Tenure, Energy Consumption and the Split-Incentive Issue in Australia
In recent years, there has been growing global recognition of the need to reduce carbon emissions in response to climate change concerns. It is generally acknowledged that the energy efficiency of existing homes can be improved, but there are significant barriers to its uptake. In particular, improving the energy efficiency of private rental housing presents unique policy challenges due to a split-incentive problem. This has prompted some governments to introduce programmes that encourage landlords to improve the energy efficiency of their properties. While landlords are responsible for the purchase of many energy-consuming household appliances, tenants are responsible for energy bills. Since the landlord does not reap the immediate benefits of investment in energy-efficient equipment, the incentives motivating such investment are weaker than for homeowners. This paper aims to quantify the magnitude of the split-incentive problem in the Australian private rental housing market by invoking a modelling approach where energy expenditure is estimated as a function of housing tenure, dwelling type, location, climate and other socio-demographic variables. We find no evidence in support of the split-incentive hypothesis in Australia. The paper concludes that differences in housing policy arrangements could be critical to the presence and importance of split incentives.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 12 (2012)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.tandfonline.com/REUJ20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/REUJ20|
When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:12:y:2012:i:4:p:439-469. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.