Year of Award
Master of Arts (MA)
Department or School/College
Department of Economics
Douglas Dalenberg, Tyron Venn
economics, energy, energy efficiency, hedonic, hedonic price model, housing
University of Montana
This paper investigates the relationship between energy efficiency and owner reported home value using American Housing Survey data. A hedonic price model is developed in order to isolate the impact of home energy use on the owner’s perceived market value of the home. In order to limit the impact of fixed housing characteristics on the model, the fixed effect regression technique is used. Empirical estimation provides evidence that homeowners feel the housing market assigns very limited value to the energy efficiency of their homes.
Lande, Caleb David, "Homeowner Views on Housing Market Valuation of Energy Efficiency: An Empirical Investigation" (2007). Graduate Student Theses, Dissertations, & Professional Papers. 523.
© Copyright 2007 Caleb David Lande