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produced using animal welfare friendly standards or not. Yet, there are many intermediate qualities that binary labels do not … could lead to a market failure. A multi-level label can show different process standards of products explicitly. Nonetheless …
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Using a unique transaction database of condominiums in the Tokyo metropolitan area and a hedonic analytical framework, we find that eco-labelled buildings command a small but significant premium on both the asking and transaction prices. This finding is consistent with results from other...
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