Due to asymmetric information between landlords and renters, landlords with tenants who pay the utility bill underinvest in energy efficiency measures. Using data from the 2009 Residential Energy Consumption Survey, I present empirical evidence that this underinvestment occurs in multiple categories of residential energy efficiency: space-heating, water-heating, window thickness, insulation, and weatherization. Because these landlords did not invest at the same rate as homeowners and landlords who pay the energy bill, their tenants’ energy bill was higher by nearly 2%. When combined with other researchers’ estimations for appliances (Davis, 2010), insulation, and thermostat responsiveness for tenants (Gillingham et al., 2012), our results imply that renters use approximately 2.7% more energy overall due to the landlord-tenant split incentive issue.
Energy Policy – Elsevier
Published: Apr 1, 2018
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera