{"title":"碳价格对家庭住房交易行为的影响","authors":"Lawrence Kryzanowski , Tingting Wu , Yanting Wu","doi":"10.1016/j.irfa.2025.104222","DOIUrl":null,"url":null,"abstract":"<div><div>This paper studies how greenhouse gas emissions (GHGe) mitigation policy (i.e., 2018 Greenhouse Gas Pollution Pricing Act or GHGPPA implemented by the Government of Canada) impacts sellers' and buyers' behaviors in housing transactions due to their different reactions to the Act's effect on housing transactions from increased carbon-price awareness. We find no net effect on selling prices after the GHGPPA although sellers (buyers) with greater carbon-price awareness list houses higher (value houses lower). The GHGPPA decreases the house-sale likelihood and lengthens the selling time in carbon-impacted areas. Our results are not driven by emission-intensive fuel usage as house heating inputs. (100 Words).</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"104 ","pages":"Article 104222"},"PeriodicalIF":7.5000,"publicationDate":"2025-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impact of carbon prices on household behaviors in housing transactions\",\"authors\":\"Lawrence Kryzanowski , Tingting Wu , Yanting Wu\",\"doi\":\"10.1016/j.irfa.2025.104222\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper studies how greenhouse gas emissions (GHGe) mitigation policy (i.e., 2018 Greenhouse Gas Pollution Pricing Act or GHGPPA implemented by the Government of Canada) impacts sellers' and buyers' behaviors in housing transactions due to their different reactions to the Act's effect on housing transactions from increased carbon-price awareness. We find no net effect on selling prices after the GHGPPA although sellers (buyers) with greater carbon-price awareness list houses higher (value houses lower). The GHGPPA decreases the house-sale likelihood and lengthens the selling time in carbon-impacted areas. Our results are not driven by emission-intensive fuel usage as house heating inputs. (100 Words).</div></div>\",\"PeriodicalId\":48226,\"journal\":{\"name\":\"International Review of Financial Analysis\",\"volume\":\"104 \",\"pages\":\"Article 104222\"},\"PeriodicalIF\":7.5000,\"publicationDate\":\"2025-04-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Financial Analysis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1057521925003096\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521925003096","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Impact of carbon prices on household behaviors in housing transactions
This paper studies how greenhouse gas emissions (GHGe) mitigation policy (i.e., 2018 Greenhouse Gas Pollution Pricing Act or GHGPPA implemented by the Government of Canada) impacts sellers' and buyers' behaviors in housing transactions due to their different reactions to the Act's effect on housing transactions from increased carbon-price awareness. We find no net effect on selling prices after the GHGPPA although sellers (buyers) with greater carbon-price awareness list houses higher (value houses lower). The GHGPPA decreases the house-sale likelihood and lengthens the selling time in carbon-impacted areas. Our results are not driven by emission-intensive fuel usage as house heating inputs. (100 Words).
期刊介绍:
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.