The Value of Avoiding a LULU: Hazardous Waste Disposal Sites

V. Kerry Smith and William H. Desvousges

Chapter 17 in The Economics of Environmental Risk, 2022, pp 242-248 from Edward Elgar Publishing

Abstract: This paper develops and estimates a demand model to describe a household's demand for distance from a landfill with hazardous wastes. This model provides one basis for gauging the intensity of a household's desire to avoid living near this type of facility. Using the conceptual framework of a hedonic property value model to provide the basis for demand for distance questions, a survey in suburban Boston elicited this information from 609 households. The demand estimates imply that the average household would realize a consumer surplus between $330-to- $495 annually for each mile between its residence and a landfill containing hazardous waste.

Keywords: Economics and Finance; Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2022
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