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Hedonic valuation of the perceived risks of nuclear power plants

Stefan Boes (), Stephan Nüesch and Kaspar Wüthrich ()

Economics Letters, 2015, vol. 133, issue C, 109-111

Abstract: We use the 2011 Fukushima accident to evaluate the impact of the perceived risks of nuclear power plants on apartment rents in Switzerland. Using online advertisements over 12 years and a difference-in-differences approach, we find a 2.3% price discount after the accident for apartments near nuclear power plants.

Keywords: Hedonic valuation; Environmental goods; Nuclear power; Difference-in-differences; Risk perception (search for similar items in EconPapers)
JEL-codes: R21 Q51 Q53 (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:eee:ecolet:v:133:y:2015:i:c:p:109-111