Green Buildings: Similar to Other Premium Buildings?

Spenser J. Robinson, Andrew R. Sanderford

Research output: Contribution to journalArticlepeer-review

31 Scopus citations

Abstract

The statistics, finance, and real estate literature regularly rely on propensity score matching techniques to balance samples of data where randomized treatment assignment is not possible. In the sustainable commercial real estate literature the technique has seen substantive use. To analyze price and rent premiums for green buildings, several studies have used propensity scores to ensure samples that contains eco-labeled and un-labeled buildings reflect a randomized assignment of the treatment. Underpinning the argument for the use of propensity scores is the notion that green buildings contain similar attributes to non-green buildings.

Original languageEnglish
Pages (from-to)99-116
Number of pages18
JournalJournal of Real Estate Finance and Economics
Volume52
Issue number2
DOIs
StatePublished - Feb 1 2016

Keywords

  • Econometrics
  • Green buildings
  • Propensity scoring
  • Sustainable commercial real estate

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