In recent years, many papers in environmental economics have considered the household's
decision to invest in energy-efficient technologies for their home. The vast majority of these
studies have concluded that investment levels in these technologies are sub-optimal for a
variety of reasons. In this paper, we synthesize the suggested drivers of these investment
wedges and propose a dynamic modeling framework of a housing choice and an energy-
efficient-investment choice that includes the proposed channels. We discuss the estimation …