Here is an article from today's LA Times that reports about my new empirical study (joint with my friend Nils Kok). We use data on the sales price of homes throughout the California area in recent years and merge in data indicating whether the home is Energy Star Certified. Across a variety of econometric specifications, we find that "green homes" sell for a price premium of 8%. That's big and we are still investigating this effect but it is an important finding in substantiating the claim that the "green economy" offers value for those who invest in it.
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07/19/2012
The LA Times Has a Nice Write Up About my New "Green Homes" Price Premium Paper
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(idzmj0723)It is an important finding in substantiating the claim that the "green economy" offers value for those who invest in it.
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