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Exploring transaction costs in passive house-oriented retrofitting

Kiss, Bernadett LU and Mundaca, Luis LU (2014) 14th International Association for Energy Economics (IAEE) European Conference In [Host publication title missing]
Abstract
In order to tap the energy saving and climate mitigation potential of the building sector, transaction costs of implementing energy efficient technologies need to be better understood and ultimately reduced. The objective of this paper is to identify and analyze the nature and scale of transaction costs resulting from the application of the passive house concept in energy efficient renovations. Related conceptual choices are also discussed. Our study explores measures to promote learning and knowledge development as potential strategies to reduce transaction costs. It focuses on transaction costs borne by building owners and building developers in the planning and implementation phases of a passive house-oriented renovation in Sweden.... (More)
In order to tap the energy saving and climate mitigation potential of the building sector, transaction costs of implementing energy efficient technologies need to be better understood and ultimately reduced. The objective of this paper is to identify and analyze the nature and scale of transaction costs resulting from the application of the passive house concept in energy efficient renovations. Related conceptual choices are also discussed. Our study explores measures to promote learning and knowledge development as potential strategies to reduce transaction costs. It focuses on transaction costs borne by building owners and building developers in the planning and implementation phases of a passive house-oriented renovation in Sweden. Results reveal three main sources of transaction costs: due diligence, negotiations and monitoring. The analysis shows that transaction costs are non-negligible, and for individual cost sources the scale can be 200% higher than for conventional renovations. To reduce transaction costs, various strategies such as study visits, demonstration projects, new forms of meetings and new channels of (written) information were found. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Transaction costs, Energy efficiency, Passive house
categories
Higher Education
in
[Host publication title missing]
pages
17 pages
publisher
International Association for Energy Economics
conference name
14th International Association for Energy Economics (IAEE) European Conference
language
English
LU publication?
yes
id
2795ede5-df5a-4b2f-af6a-6c2d5db98070 (old id 5141723)
date added to LUP
2015-02-27 08:43:53
date last changed
2016-04-16 07:57:26
@inproceedings{2795ede5-df5a-4b2f-af6a-6c2d5db98070,
  abstract     = {In order to tap the energy saving and climate mitigation potential of the building sector, transaction costs of implementing energy efficient technologies need to be better understood and ultimately reduced. The objective of this paper is to identify and analyze the nature and scale of transaction costs resulting from the application of the passive house concept in energy efficient renovations. Related conceptual choices are also discussed. Our study explores measures to promote learning and knowledge development as potential strategies to reduce transaction costs. It focuses on transaction costs borne by building owners and building developers in the planning and implementation phases of a passive house-oriented renovation in Sweden. Results reveal three main sources of transaction costs: due diligence, negotiations and monitoring. The analysis shows that transaction costs are non-negligible, and for individual cost sources the scale can be 200% higher than for conventional renovations. To reduce transaction costs, various strategies such as study visits, demonstration projects, new forms of meetings and new channels of (written) information were found.},
  author       = {Kiss, Bernadett and Mundaca, Luis},
  booktitle    = {[Host publication title missing]},
  keyword      = {Transaction costs,Energy efficiency,Passive house},
  language     = {eng},
  pages        = {17},
  publisher    = {International Association for Energy Economics},
  title        = {Exploring transaction costs in passive house-oriented retrofitting},
  year         = {2014},
}