Title: Economic Incentive Policy Design for Green Buildings Based on Externality Analysis
Abstract: Externality will lead to market failure of green building.Central government should formulate economic incentive policies to promote its development.In this paper,with the principles and methods of economics,a dynamic game model with perfect information between central government and real estate developers was established.The results shown that economic benefit was the key factor which would influence real estate developers to develop green buildings or not,economic incentive amount was an important factor which would influence real estate developers' decision.Furthermore,incentive effect was the key factor which would influence central government to implement economic incentive policies or not,economic incentive policies would not be implemented when incentive degree exceeded central government's bearing capacity.It was suggested that central government should adopt supply-oriented and carrot with rodeconomic incentive mechanism and economic incentive scheme during different stages.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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Cited By Count: 7
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