![]() On the other hand, it gives rise to an issue resembling the “lemons” problem in New Institutional Economics, as sellers such as developers and owners of properties with poorer ratings do not disclose, or only partially disclose this information to the public. ![]() The introduction of green building certifications, on the one hand, can provide useful information for different stakeholders, such as developers and buyers, to evaluate “green” buildings’ environmental performance.
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