Effects of the Accident at Three Mile Island on Residential Property Values and Sales

Hays B. Gamble and Roger H. Downing

Journal of the Northeastern Agricultural Economics Council, 1981, vol. 10, issue 2, 10

Abstract: An analysis of all valid single family house sales over a four-year period before the March, 1979, TMI accident and over the 9 months following the accident, and within a 25-mile radius of the plant and in two control areas, disclosed no evidence that the accident had measurable lasting effects on residential property values. Shortly following the accident there was a sharp decline in the volume of residential sales within 10 miles of the plant, but the real estate market returned to normal within a month, considering the financial market conditions at that time.

Keywords: Public; Economics (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nareaj:159815

DOI: 10.22004/ag.econ.159815

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