Essays in real estate economics : empirical investigations of energy efficient properties in Switzerland

Wiencke, Andreas

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URL:	https://madoc.bib.uni-mannheim.de/39333
URN:	urn:nbn:de:bsz:180-madoc-393334
Dokumenttyp:	Dissertation
Erscheinungsjahr:	2015
Ort der Veröffentlichung:	Mannheim
Hochschule:	Universität Mannheim
Gutachter:	Gans, Paul
Datum der mündl. Prüfung:	11 Juni 2015
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Rechtswissenschaft und Volkswirtschaftslehre > VWL, insbes. Wirtschaftsgeographie (Gans 1996-2017)
Fachgebiet:	330 Wirtschaft
Normierte Schlagwörter (SWD):	Immobilienökonomie , Immobilienwirtschaft , Immobilienpreis , Energieeffizienz , Zahlungsbereitschaft , Regionalwirtschaft , Erfolgsfaktor , Diffusion <Wirtschaft> , Durchdringung , Investitionsbedarf , Investitionsentscheidung , Nachhaltigkeit , Schweiz
Freie Schlagwörter (Englisch):	Real Estate Economics , Regional Economics , Investment Drivers and Barriers , Green Buildings , Willingness to Pay , Success Factors , Real Estate Sustainability , Sustainability , Energy Efficient Properties , Switzerland , Minergie , Diffusion of Green
Abstract:	The present thesis consists of three self-contained chapters which contribute to the literature of real estate sustainability. The thesis investigates the economics of green buildings in Switzerland, which exhibits the highest share of sustainable properties globally. The first paper analyzes what factors drive investment in sustainable real estate. While using logistic regression models the study analyzes survey data from firms of a broad industry sector allocation. The second paper reveals the demand for green buildings and investigates the willingness to pay for sustainable real estate compared to conventional properties. Using censored regression analysis the study finds premium price ranges from 1.3 to 7.9%. The final paper investigates the diffusion of green buildings in Switzerland. The study reveals a highly heterogeneous distribution of energy efficient properties among Swiss cantons. The paper uses panel data analysis to capture the dynamics of green buildings across Swiss cantons.