Public procurement and the private supply of green buildings
By: Timothy Simcoe, Michael W. Toffel
Contributors: Toffel, Michael W.; Harvard Business School
Series: Working paper / Harvard Business School -- 13-030; Working paper (Harvard Business School) -- 13-030.
Publisher: Harvard Business School
Published: 2012
Place of publication: [Boston]
Language: eng
Number of pages: 40
Description: We measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) standard. Using matching methods, panel data, and instrumental variables, we find that government procurement rules produce spillover effects that stimulate both private-sector adoption of the LEED standard and supplier investments in green building expertise. Our findings suggest that government procurement policies can accelerate the diffusion of new environmental standards that require coordinated complementary investments by various types of private adopters.
Notes: "September 2012" -- Publisher's website.

Includes bibliographical references.