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Mercury pollution, information, and property values

Chuan Tang, Martin D. Heintzelman and Thomas M. Holsen

Journal of Environmental Economics and Management, 2018, vol. 92, issue C, 418-432

Abstract: In the State of New York, atmospheric deposition of mercury ranks among the 10 most prevalent causes of adverse impacts on water quality. This paper examines the impacts of mercury pollution by exploring the relationship between property values and fish consumption advisory (FCA) designation on New York lakes. We find that New York State property values within one mile of an FCA-designated lake decrease by 6–7 percent on average. This negative impact decreases as the distance between properties and lakes increases. Regressions using samples derived with Mahalanobis metric matching find an even larger FCA effect, ranging from 7 to 10 percent. Our results can serve as a partial indication of the benefits of the Mercury and Air Toxics Standards (MATS), which includes the first mercury emission standard in the United States.

Keywords: Mercury; Fish consumption advisory; Mercury and air toxics standards; MATS; Water quality; Hedonic analysis; Property value; Mahalanobis matching (search for similar items in EconPapers)
Date: 2018
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Journal of Environmental Economics and Management is currently edited by M.A. Cole, A. Lange, D.J. Phaneuf, D. Popp, M.J. Roberts, M.D. Smith, C. Timmins, Q. Weninger and A.J. Yates

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