PRODUCER AND CONSUMER RESPONSES TO GREEN HOUSING LABELS
研究发现绿色标签使住宅价值平均提高5%，但溢价因标签严格程度和市场细分而异；开发商策略性地加入绿色特征以获取更高评级，而介于评级阈值之间的特征无市场溢价。
We find “green” labels increase residential property values by an average of 5%. This premium varies by label stringency and across market segments. Builders respond to the stringency of labels by strategically incorporating green features to achieve higher ratings. This strategy seems reasonable as there is no market premium for green features that lead to scores between label rating cutoff values. These results raise important questions as to how green label policies should be designed in order to foster the supply of green features. Gradations of green attributes are influential, particularly for highly rated homes. The most stringent labels have the greatest role at the high price end of the market .