2026/02/12
Announcement: HIAS Brown Bag Seminar #24
The HIAS Brown Bag Seminar is a university-wide seminar series hosted by the Hitotsubashi Institute for Advanced Study (HIAS). It aims to promote interaction among HIAS researchers, faculty members, and students. With its ten research centers, HIAS will continue to serve as a hub for active research collaboration across the University.
■ Date & Time
Thursday, February 12, 2026 12:00–13:00 (Presentation + Chat over lunch)
*Please note that the start time is different from usual.
■Presentation Title
”Do Energy Efficiency Improvements Pay Off? Evidence Across Housing Types in England”
(Title has been changed on February 10）
“Are Energy Efficiency Improvements Capitalized in Property Prices? A Hedonic Analysis of Market Incentives”
■ Abstract
We combine Land Registry and Energy Performance Certificate (EPC) datasets at the micro-level to measure the extent to which energy efficiency improvements in England are capitalized in residential property prices. Using a double imputation hedonic approach – contrary to previous findings – we find that the costs of energy efficiency improvements are only partially capitalized in property prices. The capitalization rate is particularly low for detached houses in London. Our benchmark hedonic results are confirmed by robustness checks based on regression discontinuity design, two-stage least squares and repeat-sales. Our results indicate that government interventions are needed to satisfy climate policy goals.
■ Presenter
Dr. Robert Hill (Specially Appointed Professor / Professor of Macroeconomics at University of Graz, Austria)
■ Venue
Room 205, Annex Building, Hitotsubashi University (West Campus)
*No. 5 in the campus map
■ Language
English
■ Registration
Please register in advance using the form below.
https://forms.office.com/r/uA7M4z8jj0
(Deadline: 3 PM, 10 February)
*Please note that registration may close once capacity is reached.
*Participants are encouraged to bring their own lunch; coffee and snacks will be provided.