This paper analyzes the transaction prices of green buildings assessed on the basis of multiple green factors. Our theoretical model demonstrates that the initial green premium can be negative but becomes positive as the building ages if a green building has a higher life-cycle cost and a longer...

Contingent valuation (CV) is a social survey method for the economic evaluation of policy. In CV, uncertainty in policy outcomes is thought to disturb the rational choices of respondents and cause the problem of anchoring. Knowledge of the factors affecting the magnitude of anchoring effects is...

The present study estimates the benefit of Japanese Government antiglobal-warming policies using a contingent valuation (CV) method. The study focuses on the range of variability in answers due to changes in CV question conditions and assesses the usability of benefit estimation based on CV....