ABSTRACT The Bundling and Splitting Matrix is a conceptual framework of real property tenure. It is used here to derive hypotheses as to the effects of two principal-agent problems: adverse selection and moral hazard on commercial office workspace energy performance under differing tenure types. The purpose of testing these hypotheses, in future research, is to inform disclosure policy. Disclosure here refers to the sharing of information between commercial office workspace lessors and lessees. In demonstrating this framework’s use, this paper’s contribution is methodological. Mitigating adverse selection is the objective of international ex-ante disclosure programs but past research has not isolated ex-ante disclosure’s effect in that mitigation from its other effects. The use of this framework also extends the method used by research measuring energy performance under different contract types. By putting tenure type, rather than a single contract as the object of inquiry, it sets out single or multiple possibly additive or counter-veiling principal-agent problems, adverse selection and moral hazard, each with its disclosure remedy. It is argued that doing so is increasingly significant with the growth in information age forms of workspace tenure such as coworking.

中文翻译：

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捆绑和拆分：两个向量中的工作空间任期

摘要 捆绑和分割矩阵是不动产使用权的概念框架。它在这里被用来推导出关于两个委托代理问题的影响的假设：逆向选择和道德风险对不同任期类型下商业办公空间能源绩效的影响。在未来的研究中检验这些假设的目的是为披露政策提供信息。这里的披露是指商业办公空间出租人和承租人之间的信息共享。在展示这个框架的用途时，本文的贡献是方法论的。减轻逆向选择是国际事前披露计划的目标，但过去的研究并没有将事前披露的缓解效果与其其他影响区分开来。该框架的使用还扩展了研究测量不同合同类型下能源绩效的方法。通过将任期类型而不是单个合同作为调查对象，它列出了单个或多个可能附加或反面纱的委托代理问题、逆向选择和道德风险，每一个都有其披露补救措施。有人认为，随着信息时代的工作空间任期形式（如联合办公）的增长，这样做变得越来越重要。