Green luxury goods? The economics of eco-labels in the Japanese housing market
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- 作者：Franz Fuersta ; ff274@cam.ac.uk" class="auth_mail" title="E-mail the corresponding author ; Chihiro Shimizub ; 1 ; cshimizu@nus.edu.sg" class="auth_mail" title="E-mail the corresponding author
- 关键词：Green building ; Japanese housing market ; Hedonic models ; Ecolabelling ; Willingness to pay
- 刊名：Journal of the Japanese and International Economies
- 出版年：2016
- 出版时间：March 2016
- 年：2016
- 卷：39
- 期：Complete
- 页码：108-122
- 全文大小：483 K
文摘
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The pricing of green labels is analysed using a large sample of condominium transactions in the Tokyo housing market.
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A significant price premium for the green label is found during the study period (controlling for other characteristics).
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Higher income households exhibit a higher willingness to pay for green features.