Doing Well by Doing Good? Green Office Buildings
通过市场交易数据而非工程估算，首次可靠地证明了绿色认证办公楼相比普通办公楼能获得更高的租金和售价，且溢价与节能特性及认证标签本身相关。
This paper provides the first credible evidence on the economic value of “green buildings” derived from impersonal market transactions rather than engineering estimates. We analyze clusters of certified green and nearby buildings, establishing that “rated” buildings command substantially higher rents and selling prices than otherwise identical buildings. Variations in premiums are systematically related to energy-saving characteristics. Increased energy efficiency is associated with increased selling prices -- beyond the premiums paid for a labeled building. Evidence suggests that the intangible effects of the label itself may also play a role in determining the values of green buildings in the marketplace.