Josh Graff Zivin's Research Cited in The Christian Science Monitor
Do 'green buildings' come with a higher price tag?
08/30/2011
Matthew Kahn,
The Christian Science Monitor
Do "green buildings" sell and rent for a price premium? This LA Times article discusses some recent research on this topic including my solar paper (joint with Costa, Dastrup and Graff-Zivin). Using hedonic pricing techniques and data from Sacramento County and San Diego County inCalifornia, we find that solar panels increase a home's resale price by roughly 3.5%. John Quigleyand co-authors such as Nils Kok have written several papers documenting that commercial real estate that is certified as "green" either by LEED or Energy Star sells and rents for a price premium.
The economics of this energy capitalization is pretty straightforward.
Click here to read the full article.
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Josh Graff Zivin is Associate Professor of International Relations and Pacific Studies and Affiliated Faculty of Economics. He is also a Research Associate at the National Bureau of Economic Research (NBER) and Research Director for International Environmental and Health Studies at the Institute for Global Conflict and Cooperation (IGCC).
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