Replication Data and Code for: Mandatory Energy Efficiency Disclosure in Housing Markets

Principal Investigator(s):  View help for Principal Investigator(s) Erica Myers, University of Calgary; Steven Puller, Texas A&M University; Jeremy West, University of California, Santa Cruz

Version:  View help for Version V1

Name File Type Size Last Modified
  code 11/17/2021 04:06:PM
  data 11/17/2021 04:06:PM
  figures 11/17/2021 04:23:PM
  offline 11/17/2021 04:23:PM
  tables 11/17/2021 04:23:PM
ReadMe_For_Replication_Code.pdf application/pdf 138 KB 12/08/2021 06:43:AM

Project Citation: 

Myers, Erica, Puller, Steven, and West, Jeremy. Replication Data and Code for: Mandatory Energy Efficiency Disclosure in Housing Markets. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-10-20. https://doi.org/10.3886/E146961V1

Project Description

Summary:  View help for Summary Mandatory disclosure policies are implemented broadly despite sparse evidence that they improve market outcomes. We study the effects of requiring home sellers to provide buyers with certified audits of residential energy efficiency. Using similar nearby homes as a comparison group, we find this requirement increases price premiums for energy efficiency and encourages energy-saving investments. We additionally present evidence highlighting the market failure -- incomplete information by both buyers sellers -- that prevents widespread voluntary disclosure of energy efficiency in housing transactions. Our findings support that disclosure policies can improve market outcomes in settings with symmetrically incomplete information.

Scope of Project

Subject Terms:  View help for Subject Terms Disclosure policy evaluation; energy efficiency; real estate markets
JEL Classification:  View help for JEL Classification
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      K32 Energy, Environmental, Health, and Safety Law
      L15 Information and Product Quality; Standardization and Compatibility
      Q48 Energy: Government Policy
      R31 Housing Supply and Markets
Geographic Coverage:  View help for Geographic Coverage Austin, TX MSA
Time Period(s):  View help for Time Period(s) 1997 – 2014
Collection Date(s):  View help for Collection Date(s) 2014 – 2018
Universe:  View help for Universe Single family homes serviced by Austin Energy
Data Type(s):  View help for Data Type(s) administrative records data
Collection Notes:  View help for Collection Notes See ReadMe file

Methodology

Response Rate:  View help for Response Rate N/A
Sampling:  View help for Sampling Universe 
Data Source:  View help for Data Source Austin Energy, Austin Board of Realtors, Travis and Williamson County Appraisal Districts
Collection Mode(s):  View help for Collection Mode(s) other
Scales:  View help for Scales N/A
Weights:  View help for Weights N/A
Unit(s) of Observation:  View help for Unit(s) of Observation Homes
Geographic Unit:  View help for Geographic Unit single home

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Published Versions

V1 [2022-10-20]

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