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....

This is one of the first researches on price differentials of green buildings in Asia. Using a rich set of data on condominium transactions and mandatory evaluation of environmental performance in Tokyo, we estimate the effects of itemized green scores on transaction prices. Although green...

In this paper, we consider sieve instrumental variable quantile regression (IVQR) estimation of functional coefficient models where the coefficients of endogenous regressors are unknown functions of some exogenous covariates. We approximate the unknown functional coefficients by some basis...

This study proposes the use of semiparametric varying-coefficient methods to estimate the preference heterogeneity within stated choice data. Semiparametric varying-coefficient methods have the potential to overcome the disadvantages of conventional random parameter models and latent class...

This study investigates the identification of parameters in semiparametric binary response models of the form y=1(x′β+v+ε0) when there are nonignorable nonresponses. We propose an estimation procedure for the identified set, the set of parameters that are observationally indistinguishable...

Effective and efficient planning and development of residential environments require clarifying the nature of residential preferences. In reality, residential preferences are heterogeneous, so the standard econometric models that assume only one type of preference are not optimal. In this study,...