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Record W3196121492 · doi:10.15396/eres2021_144

Energy Performance of Rented Dwelling: If You Can Dream It…

2021· article· en· W3196121492 on OpenAlexaboutno aff
Sébastien Pradella, Marko Kryvobokov

Bibliographic record

Venue28th Annual European Real Estate Society Conference · 2021
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
Fundersnot available
KeywordsRentingEconomic rentBusinessEnergy (signal processing)Energy consumptionDatabase transactionConsumption (sociology)Quarter (Canadian coin)MarketingActuarial scienceEconomicsMicroeconomicsComputer scienceStatisticsDatabaseEngineeringSociology

Abstract

fetched live from OpenAlex

The energy performance of rented dwellings is a crucial aspect of energy policy in the Walloon region in Belgium, where one quarter of households are tenants on the private market. The paper deals with the imperfect information problem that concerns the energy performance certificates (EPCs) and its impact on rental market. Four aspects of the problem reported in the literature are discussed, namely: 1) different energy evaluations of the same dwelling; 2) performance gap between theoretically estimated and real energy consumption; 3) insufficient coverage of the rental market by EPCs; 4) often weak appreciation of official EPCs on the rental market. The originality of the paper is that it compares the official EPC labels with the labels reported by tenants in a recent survey (N=2.892). While an existing EPC is often unknown for tenants, their awareness depends on the households’ socio-economic characteristics. Four groups of tenants are distinguished: those with correct answers, “dreamers” overestimating their energy performance, “complainers” underestimating their energy performance, and “indifferent” tenants who don’t know the existing label. The differences between groups are analyzed with descriptive statistics and a discrete choice model. According to the hedonic regression, the impact of an official EPC on housing rents varies for households with different perceptions of energy performance. In particular, the “dreamers” more severely penalize the worst energy classes, while the “indifferent” tenants a bit undervalue good EPCs and a bit overvalue bad EPCs. The indifference concerning the EPC slows down a progressive introduction of the impact of the energy performance on a residential rental market. In a policy context, the availability of a clear information on EPC for all tenants is an important condition of the functioning of the residential rental market in a manner that stimulates the renovation of old housing stock and the maintenance of high energy standards.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.785
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.026
GPT teacher head0.206
Teacher spread0.180 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2021
Admission routes1
Has abstractyes

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