scholarly journals Green Premium in the Tokyo Office Rent Market

2021 ◽  
Vol 13 (21) ◽  
pp. 12227
Author(s):  
Junichiro Onishi ◽  
Yongheng Deng ◽  
Chihiro Shimizu
Keyword(s):  
Propensity Score ◽  
Economic Value ◽  
Urban Sustainability ◽  
Green Buildings ◽  
Office Rent ◽  
European Markets ◽  
New Buildings ◽  
Hedonic Approach ◽  
Green Label ◽  
The U.S

More than 10 years have passed since studies on green buildings gained attention in the academic and industrial literature. Many studies report the economic value of green buildings, mainly in the U.S. and European markets. An empirical clarification of the dynamics of green premiums has significant implications for future urban sustainability. This study constructed a dataset of Tokyo office rents from 2009 to 2019. We estimated the green office rental premium using a hedonic approach. Our results show that, on average, an office property with a green label gains a premium of approximately 6.5% on contract rents. The Tokyo office market is heterogeneous, and endogeneity is an issue when identifying the green premium. We addressed the endogeneity issue with propensity score clustering. As a result of our estimation, the premium was approximately +5.4% for medium sized-old buildings and +2.6% for large-sized new buildings.

scholarly journals The health impacts and economic value of wildland fire episodes in the U.S.: 2008–2012

2018 ◽  
Vol 610-611 ◽  
pp. 802-809 ◽  
Author(s):  
Neal Fann ◽  
Breanna Alman ◽  
Richard A. Broome ◽  
Geoffrey G. Morgan ◽  
Fay H. Johnston ◽  
...  
Keyword(s):  
Wildland Fire ◽  
Economic Value ◽  
Health Impacts ◽  
The U.S

scholarly journals Value of Injuries in the Northridge Earthquake

2006 ◽  
Vol 22 (2) ◽  
pp. 555-563 ◽  
Author(s):  
Keith Porter ◽  
Kim Shoaf ◽  
Hope Seligson
Keyword(s):  
Risk Mitigation ◽  
Economic Value ◽  
Northridge Earthquake ◽  
Confidence Bounds ◽  
Earthquake Research ◽  
Future Earthquake ◽  
The Cost ◽  
Nonfatal Injuries ◽  
The U.S ◽  
1994 Northridge Earthquake

The economic equivalent value of deaths and injuries in the 1994 Northridge earthquake has not previously been calculated, although number of injuries by category of treatment has. Using dollar-equivalent values for injuries accepted and used by the U.S. government for evaluating the cost-effectiveness of risk-mitigation efforts, the value of injuries in the 1994 Northridge earthquake is estimated to be $1.3 to 2.2 billion in 1994 (90% confidence bounds, equivalent to $1.8 to 2.9 billion in 2005). This is equivalent to 3–4% of the estimated $50 billion (in 1994) estimated direct capital losses and direct business interruption losses. If injuries in the 1994 Northridge earthquake are representative of injuries in future U.S. events, then the economic value of future earthquake injuries—the amount that the U.S. government would deem appropriate to expend to prevent all such injuries—is on the order of $200 million per year (in 2005 constant dollars). Of this figure, 96% is associated with nonfatal injuries, an issue overlooked by current experimental research. Given the apparently high cost of this type of loss, this appears to represent an important gap in the present earthquake research agenda.

Innovations in ETPs: A Comparative Analysis of the U.S. and European Markets

2013 ◽  
Vol 4 (3) ◽  
pp. 89-101
Author(s):  
N. Kannan ◽  
Mahendra Rathore ◽  
Anu Bhayana
Keyword(s):  
Comparative Analysis ◽  
European Markets ◽  
The U.S

Impacts of Light Rail Transit on Labor Participation and Housing Affordability in the U.S.: Longitudinal Analysis Using Propensity Score Matching

2021 ◽  
pp. 036119812110296
Author(s):  
Keuntae Kim ◽  
Keunhyun Park ◽  
Arthur C. Nelson
Keyword(s):  
Propensity Score ◽  
Propensity Score Matching ◽  
Public Transit ◽  
Housing Affordability ◽  
Light Rail ◽  
Rail Transit ◽  
Full Time ◽  
Light Rail Transit ◽  
Labor Participation ◽  
The U.S

Planners and planning scholars have debated the effects of public transit on changes in various employment outcomes. However, few studies have tried to understand how public transit affects employment changes in a community while accounting for housing costs at the same time. As an update to and methodological advance on early studies, this study aims to measure light rail transit (LRT) systems’ impacts on the change in labor participation and housing affordability. This study uses the decennial Census and 5-year American Community Survey (ACS) data at the block group level and conducts propensity score matching in 12 selected LRT systems across the U.S. opened between 2000 and 2010. By comparing growth rates of the average weeks worked and the median gross rent between treatment and control groups, the results show that an introduction of an LRT station increases the average weeks worked—a measure of labor participation—while not raising the median gross rent. Further analysis also shows that the increased average weeks worked after operation of LRT systems is a result of an increase in the percentage of full-time and year-round workers and a decrease in the proportion of part-time and part-year workers. Ultimately, the findings provide planners and policymakers with a better understanding of the effects of LRT systems on the economic stability of urban communities.

scholarly journals Doing Well by Doing Good? Green Office Buildings

2010 ◽  
Vol 100 (5) ◽  
pp. 2492-2509 ◽  
Author(s):  
Piet Eichholtz ◽  
Nils Kok ◽  
John M Quigley
Keyword(s):  
Energy Efficiency ◽  
Energy Saving ◽  
Economic Value ◽  
Green Buildings ◽  
Office Buildings

This paper provides the first credible evidence on the economic value of “green buildings” derived from impersonal market transactions rather than engineering estimates. We analyze clusters of certified green and nearby buildings, establishing that “rated” buildings command substantially higher rents and selling prices than otherwise identical buildings. Variations in premiums are systematically related to energy-saving characteristics. Increased energy efficiency is associated with increased selling prices -- beyond the premiums paid for a labeled building. Evidence suggests that the intangible effects of the label itself may also play a role in determining the values of green buildings in the marketplace. (JEL G31,M14,Q52,R33)

scholarly journals Trends in the Economic Value of Newly Approved Cancer Therapies in the U.S

2018 ◽  
Vol 21 ◽  
pp. S3
Author(s):  
AJ Chen ◽  
X Hu ◽  
AB Jena ◽  
DP Goldman
Keyword(s):  
Economic Value ◽  
Cancer Therapies ◽  
The U.S
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