Understanding the Solar Home price premium: Electricity generation and “Green” social status
Author
Abstract
Suggested Citation
DOI: 10.1016/j.euroecorev.2012.02.006
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Samuel Dastrup & Joshua S. Graff Zivin & Dora L. Costa & Matthew E. Kahn, 2011. "Understanding the Solar Home Price Premium: Electricity Generation and "Green" Social Status," NBER Working Papers 17200, National Bureau of Economic Research, Inc.
References listed on IDEAS
- Matthew Kotchen & Michael Moore, 2008.
"Conservation: From Voluntary Restraint to a Voluntary Price Premium,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 40(2), pages 195-215, June.
- Matthew Kotchen & Michael Moore, 2007. "Conservation: From Voluntary Restraint to a Voluntary Price Premium," NBER Working Papers 13678, National Bureau of Economic Research, Inc.
- Wilhelmsson, Mats, 2008.
"House price depreciation rates and level of maintenance,"
Journal of Housing Economics, Elsevier, vol. 17(1), pages 88-101, March.
- Mats Wilhelmsson, 2004. "House Price depreciation Rates and Level of Maintenance," ERES eres2004_232, European Real Estate Society (ERES).
- Matthew J. Kotchen, 2006. "Green Markets and Private Provision of Public Goods," Journal of Political Economy, University of Chicago Press, vol. 114(4), pages 816-845, August.
- Michael I. Cragg & Yuyu Zhou & Kevin Gurney & Matthew E. Kahn, 2013.
"Carbon Geography: The Political Economy Of Congressional Support For Legislation Intended To Mitigate Greenhouse Gas Production,"
Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1640-1650, April.
- Michael I. Cragg & Matthew E. Kahn, 2009. "Carbon Geography: The Political Economy of Congressional Support for Legislation Intended to Mitigate Greenhouse Gas Production," NBER Working Papers 14963, National Bureau of Economic Research, Inc.
- Garth Heutel & Erich Muehlegger, 2015.
"Consumer Learning and Hybrid Vehicle Adoption,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(1), pages 125-161, September.
- Heutel, Garth & Muehlegger, Erich J., 2010. "Consumer Learning and Hybrid Vehicle Adoption," Scholarly Articles 4448996, Harvard Kennedy School of Government.
- Heutel, Garth & Muehlegger, Erich, 2010. "Consumer Learning and Hybrid Vehicle Adoption," Working Paper Series rwp10-013, Harvard University, John F. Kennedy School of Government.
- Becker, Gary S, 1991.
"A Note on Restaurant Pricing and Other Examples of Social Influences on Price,"
Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 1109-1116, October.
- Gary S. Becker, 1991. "A Note on Restaurant Pricing and Other Examples of Social Influences on Price," University of Chicago - George G. Stigler Center for Study of Economy and State 67, Chicago - Center for Study of Economy and State.
- Dora L. Costa & Matthew E. Kahn, 2010. "Why Has California's Residential Electricity Consumption Been So Flat since the 1980s?: A Microeconometric Approach," NBER Working Papers 15978, National Bureau of Economic Research, Inc.
- Piet Eichholtz & Nils Kok & John M. Quigley, 2010.
"Doing Well by Doing Good? Green Office Buildings,"
American Economic Review, American Economic Association, vol. 100(5), pages 2492-2509, December.
- Eichholtz, Piet & Kok, Nils & Quigley, John M., 2009. "Doing Well by Doing Good? Green Office Buildings," Berkeley Program on Housing and Urban Policy, Working Paper Series qt507394s4, Berkeley Program on Housing and Urban Policy.
- Becker, Gary S, 1991.
"A Note on Restaurant Pricing and Other Examples of Social Influences on Price,"
Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 1109-1116, October.
- Becker, Gary S., 1991. "A Note on Restaurant Pricing and Other Examples of Social Influences on Price," Working Papers 67, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Bryan Bollinger & Kenneth Gillingham, 2012. "Peer Effects in the Diffusion of Solar Photovoltaic Panels," Marketing Science, INFORMS, vol. 31(6), pages 900-912, November.
- Harding, John P. & Rosenthal, Stuart S. & Sirmans, C.F., 2007. "Depreciation of housing capital, maintenance, and house price inflation: Estimates from a repeat sales model," Journal of Urban Economics, Elsevier, vol. 61(2), pages 193-217, March.
- Delmas, Magali A. & Grant, Laura E., 2008. "Eco-Labeling Strategies: The Eco-Premium Puzzle In The Wine Industry," Working Papers 37325, American Association of Wine Economists.
- Kahn, Matthew E., 2007. "Do greens drive Hummers or hybrids? Environmental ideology as a determinant of consumer choice," Journal of Environmental Economics and Management, Elsevier, vol. 54(2), pages 129-145, September.
- Sherwin Rosen, 2002. "Markets and Diversity," American Economic Review, American Economic Association, vol. 92(1), pages 1-15, March.
- Clapp, John M. & Salavei, Katsiaryna, 2010. "Hedonic pricing with redevelopment options: A new approach to estimating depreciation effects," Journal of Urban Economics, Elsevier, vol. 67(3), pages 362-377, May.
- Andreoni, James, 1990. "Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving?," Economic Journal, Royal Economic Society, vol. 100(401), pages 464-477, June.
- Matthew J. Kotchen, 2003. "Green Markets and Private Provision of Public Goods," Department of Economics Working Papers 2003-05, Department of Economics, Williams College.
- Kahn Matthew E & Vaughn Ryan K., 2009. "Green Market Geography: The Spatial Clustering of Hybrid Vehicles and LEED Registered Buildings," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(2), pages 1-24, March.
- Patrick Bajari & C. Lanier Benkard, 2005. "Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1239-1276, December.
- Brounen, Dirk & Kok, Nils, 2011. "On the economics of energy labels in the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 166-179, September.
- Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, vol. 86(3), pages 349-373, June.
- Wheaton, William C., 1977. "A bid rent approach to housing demand," Journal of Urban Economics, Elsevier, vol. 4(2), pages 200-217, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ma, Chunbo & Polyakov, Maksym & Pandit, Ram, 2015. "Solar Capitalization in Western Australian Property Market," Working Papers 199230, University of Western Australia, School of Agricultural and Resource Economics.
- Dora L. Costa & Matthew E. Kahn, 2013.
"Energy Conservation “Nudges” And Environmentalist Ideology: Evidence From A Randomized Residential Electricity Field Experiment,"
Journal of the European Economic Association, European Economic Association, vol. 11(3), pages 680-702, June.
- Dora L. Costa & Matthew E. Kahn, 2010. "Energy Conservation "Nudges" and Environmentalist Ideology: Evidence from a Randomized Residential Electricity Field Experiment," NBER Working Papers 15939, National Bureau of Economic Research, Inc.
- Lan, Haifeng & Gou, Zhonghua & Yang, Linchuan, 2020. "House price premium associated with residential solar photovoltaics and the effect from feed-in tariffs: A case study of Southport in Queensland, Australia," Renewable Energy, Elsevier, vol. 161(C), pages 907-916.
- Kahn, Matthew E. & Walsh, Randall, 2015.
"Cities and the Environment,"
Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 405-465,
Elsevier.
- Matthew E. Kahn & Randall Walsh, 2014. "Cities and the Environment," NBER Working Papers 20503, National Bureau of Economic Research, Inc.
- Sexton, Steven E. & Sexton, Alison L., 2014. "Conspicuous conservation: The Prius halo and willingness to pay for environmental bona fides," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 303-317.
- Christopher J. Blackburn & Mallory E. Flowers & Daniel C. Matisoff & Juan Moreno‐Cruz, 2020. "Do Pilot and Demonstration Projects Work? Evidence from a Green Building Program," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 39(4), pages 1100-1132, September.
- Arnab Mitra & Michael R. Moore, 2018. "Green Electricity Markets as Mechanisms of Public-Goods Provision: Theory and Experimental Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 45-71, September.
- Fuerst, Franz & Shimizu, Chihiro, 2016.
"Green luxury goods? The economics of eco-labels in the Japanese housing market,"
Journal of the Japanese and International Economies, Elsevier, vol. 39(C), pages 108-122.
- Fuerst, Franz & Shimizu, Chihiro, 2014. "Green Luxury Goods? The Economics of Eco-Labels in the Japanese Housing Market," HIT-REFINED Working Paper Series 7, Institute of Economic Research, Hitotsubashi University.
- Conte, Marc N. & Jacobsen, Grant D., 2016. "Explaining Demand for Green Electricity Using Data from All U.S. Utilities," Energy Economics, Elsevier, vol. 60(C), pages 122-130.
- Julia Blasch & Mehdi Farsi, 2012.
"Retail demand for voluntary carbon offsets - A choice experiment among Swiss consumers,"
IED Working paper
12-18, IED Institute for Environmental Decisions, ETH Zurich.
- Blasch, Julia & Farsi, Mehdi, 2012. "Retail demand for voluntary carbon offsets – a choice experiment among Swiss consumers," MPRA Paper 41259, University Library of Munich, Germany.
- Delgado, Michael S. & Harriger, Jessica L. & Khanna, Neha, 2015. "The value of environmental status signaling," Ecological Economics, Elsevier, vol. 111(C), pages 1-11.
- Wichman, Casey J., 2016.
"Incentives, green preferences, and private provision of impure public goods,"
Journal of Environmental Economics and Management, Elsevier, vol. 79(C), pages 208-220.
- Wichman, Casey J., 2016. "Incentives, Green Preferences, and Private Provision of Impure Public Goods," RFF Working Paper Series dp-16-08, Resources for the Future.
- Bezin, Emeline, 2015.
"A cultural model of private provision and the environment,"
Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 109-124.
- Emeline Bezin, 2015. "A cultural model of private provision and the environment," Post-Print hal-01209069, HAL.
- Yue Wu & Kaifu Zhang & Jinhong Xie, 2020. "Bad Greenwashing, Good Greenwashing: Corporate Social Responsibility and Information Transparency," Management Science, INFORMS, vol. 66(7), pages 3095-3112, July.
- Claudia Schwirplies & Andreas Ziegler, 2015. "Offset carbon emissions or pay a price premium for avoiding them? A cross-country analysis of motives for climate protection activities," MAGKS Papers on Economics 201504, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Lint Barrage & Eric Chyn & Justine Hastings, 2020.
"Advertising and Environmental Stewardship: Evidence from the BP Oil Spill,"
American Economic Journal: Economic Policy, American Economic Association, vol. 12(1), pages 33-61, February.
- Lint Barrage & Eric Chyn & Justine Hastings, 2014. "Advertising and Environmental Stewardship: Evidence from the BP Oil Spill," NBER Working Papers 19838, National Bureau of Economic Research, Inc.
- Rivers, Nicholas & Schaufele, Brandon, 2015. "Salience of carbon taxes in the gasoline market," Journal of Environmental Economics and Management, Elsevier, vol. 74(C), pages 23-36.
- Palmer, Karen & Walls, Margaret, 2015. "Can Benchmarking and Disclosure Laws Provide Incentives for Energy Efficiency Improvements in Buildings?," RFF Working Paper Series dp-15-09, Resources for the Future.
- Ramos, A. & Gago, A. & Labandeira, X. & Linares, P., 2015.
"The role of information for energy efficiency in the residential sector,"
Energy Economics, Elsevier, vol. 52(S1), pages 17-29.
- Ana Ramos & Alberto Gago & Xavier Labandeira & Pedro Linares, 2014. "The Role of Information for Energy Efficiency in the Residential Sector," Working Papers 04-2014, Economics for Energy.
- Jacobsen, Grant D. & Kotchen, Matthew J. & Vandenbergh, Michael P., 2012.
"The behavioral response to voluntary provision of an environmental public good: Evidence from residential electricity demand,"
European Economic Review, Elsevier, vol. 56(5), pages 946-960.
- Grant D. Jacobsen & Matthew J. Kotchen & Michael P. Vandenbergh, 2010. "The Behavioral Response to Voluntary Provision of an Environmental Public Good: Evidence from Residential Electricity Demand," NBER Working Papers 16608, National Bureau of Economic Research, Inc.
More about this item
Keywords
Solar panels; Real estate prices; Environmentalism;All these keywords.
JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eecrev:v:56:y:2012:i:5:p:961-973. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eer .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.