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An examination of geographic heterogeneity in price effects of superfund site remediation

Ralph Mastromonaco and Peter Maniloff ()

Economics Letters, 2018, vol. 171, issue C, 23-28

Abstract: This paper investigates heterogeneity in housing market reactions to Superfund site remediation using housing transaction spanning four Metropolitan Statistical Areas. Local housing price effects for site status changes in the Superfund program are estimated and allowed to vary by geography. Total price effects appear to be consistent across the country, but prices appreciate at a different stage of cleanup in Philadelphia than in other sample cities.

Keywords: Hedonics; Non-market valuation; Superfund; Hazardous waste (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:ecolet:v:171:y:2018:i:c:p:23-28