Risk and rewards of residential energy efficiency
The four essays collected in this PhD thesis concern whether the market and non-market solutions adopted by the Dutch government lead to a better performance of the energy efficient dwellings in the Dutch residential market. In the first essay we analyze the biggest information policy the energy performance certificates (EPCs) and examine whether it has served as means to reduce the information asymmetry among market participants during the sale of homes. In the second essay I measure the extent to which energy efficiency benefits are priced in the rental housing market, using a large dataset on the Dutch rental market. In the third essay we establish whether energy performance certification can help banks to improve conventional mortgage risk models in predicting future arrears. And, in the fourth essay we evaluate the welfare effects of energy efficiency subsidies within the Dutch housing market.
https://pure.uvt.nl/ws/files/72622609/Thesis_Santiago_Bohorquez.pdf
https://research.tilburguniversity.edu/en/publications/4ff4a525-9485-4e11-9eb8-201aba58b13c