Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202013
Authors: 
Germeshausen, Robert
von Graevenitz, Kathrine
Year of Publication: 
2019
Series/Report no.: 
ZEW Discussion Papers No. 19-028
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
We study the effect of a state level mandate on renewable heating technologies on the housing market. The mandate requires a minimum share of 10 % renewable energy sources when changing the heating system in the existing building stock. As renewable energy sources are still more expensive than conventional alternatives this mandate could lower the relative price of homes in the existing building stock when a replacement of the heating system is impending. We implement a two stage difference-in-differences nearest neighbor matching approach to identify the effect on prices taking advantage of differences in regulation by location and vintage of the building stock. Our results find no evidence of an effect of the mandate on housing prices.
Subjects: 
Building regulations
Renewable energy sources
Hedonic pricing
JEL: 
Q42
Q48
Q58
Document Type: 
Working Paper

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