The value of basic building code insulation

被引：8
|
作者：
Thorsnes, Paul [1 ]
Bishop, Tim [2 ]
机构：
[1] Univ Otago, Dept Econ, Dunedin 9054, New Zealand
[2] Otago Polytech, Dunedin 9054, New Zealand
来源：
ENERGY ECONOMICS | 2013年 / 37卷
关键词：
Residential energy efficiency; Hedonic house price analysis;
D O I：
10.1016/j.eneco.2013.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We take advantage of unusually wide variation in thermal insulation in a sample of house sales to estimate the market value of basic code-level insulation. Insulation levels vary across the houses in our sample because standard practice in New Zealand was to build houses with no thermal insulation prior to implementation of insulation standards in 1978, and the extent of insulation retrofits varies across the sample. The estimated premium on an otherwise similar house insulated to code levels exceeds the cost of installation at construction: insulating to basic code levels at construction passes the market test. The premium instead reflects the higher cost of retro-fit installation. We suspect that price, cost, and performance risk have discouraged widespread code-level retro-fits in this market. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：68 / 81
页数：14
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