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

Hill, Daniel R. (2015) Regional determinants of residential energy expendi- tures and the principal-agent problem in Austria. REGION, 2 (1). pp. 1-16. ISSN 2409-5370

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Abstract

The aim of this paper is twofold: 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, socioeconomic 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 an unimportant factor in energy efficiency in Austria, even at the regional level. The paper concludes with some possible explanations as to why this is the case.

Item Type:	Article
Keywords:	energy efficiency, principal-agent, housing tenure, energy expenditures, regional aspects
Divisions:	Departments > Sozioökonomie
Version of the Document:	Published
Depositing User:	ePub Administrator
Date Deposited:	21 Nov 2016 16:16
Last Modified:	09 Sep 2020 06:25
Related URLs:	http://openjournals.wu.ac.at/ojs/index.p... Publisher
FIDES Link:	https://bach.wu.ac.at/d/research/results/86738/
URI:	https://epub.wu.ac.at/id/eprint/5279

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