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Regional determinants of residential energy expenditures and the principal-agent problem in Austria

REGION

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Field Value
 
Title Regional determinants of residential energy expenditures and the principal-agent problem in Austria
 
Creator Hill, Daniel R.
 
Subject energy efficiency
principal-agent
split incentives
regional aspects
 
Description The aim of this paper is two-fold: 1) to examine the determinants of residential energy expenditures and compare them on a regional level; and, 2) attempt to identify and measure the effect of possible principal-agent (PA) problems on residential energy efficiency in Austria. The results of this paper are partially based on findings from a master’s thesis, which focused more directly on the PA problem. This paper expands on those results to include regional aspects in energy expenditures. A conditional demand model is regressed on a large number of variables representing housing characteristics, socio-economic factors, occupancy type, and regional characteristics sourced from the EU Statistics on Income and Living Conditions dataset. The analysis indicates that significant regional differences exist in the determinants of residential energy expenditures and that PA problems appear to be unimportant to energy efficiency in Austria, even at the regional level. It concludes with some possible explanations as to why this is the case.
 
Publisher ERSA
 
Date 2015-05-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Econometric Analysis; Conditional Demand Model
 
Format application/pdf
application/pdf
 
Identifier http://openjournals.wu.ac.at/ojs/index.php/region/article/view/66
10.18335/region.v2i1.66
 
Source REGION; Vol 2 No 1 (2015); Y1-Y16
2409-5370
 
Language eng
 
Relation http://openjournals.wu.ac.at/ojs/index.php/region/article/view/66/46
http://openjournals.wu.ac.at/ojs/index.php/region/article/view/66/50
http://openjournals.wu.ac.at/ojs/index.php/region/article/view/66/219
 
Rights Copyright (c) 2015 Daniel R. Hill
https://creativecommons.org/licenses/by-nc/4.0