The political discussion on energy efficiency is focusing more and more on the building sector due to its susceptibility to potential market failures like the negative external pollution effects of CO2 emission. Using a discrete choice approach, this paper aims at deriving factors which increase...

Märkte für energieeffiziente Güter zeichnen sich typischerweise durch Informationsasymmetrien aus. Zertifizierte Öko-Labels einer unabhängigen Drittpartei stellen ein geeignetes Instrument dar, um solche Informationsasymmetrien am Markt zu überwinden und Vertrauen in die Gültigkeit von...

In this study, we analyze the demand for green office building features among office tenants in the United States. An online survey of a random sample of office tenants in 17 major U.S. markets is employed. Respondents provided their perspective on green buildings and their willingness-to-pay...

The demand for green buildings and to what extent firms accept to pay a premium price compared to conventional buildings is a lively debate and highly relevant for investors and policy makers. Policy instruments like the Swiss CO2-enactment and the Swiss Building Program encourage and...

Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...

There are many reasons that the losses caused by extreme weather events are escalating year by year in Hungary. They include Hungary's geographical characteristics, climate change, river regulation and the expansion of cultivated land. Changes in land use have hugely damaged natural capital,...