Measuring the Impact of the Discovery and Cleaning of Identified Hazardous Waste Sites on House Values

Katherine Kiel

Land Economics, 1995, vol. 71, issue 4, 428-435

Abstract: The current ranking system for Superfund sites considers only the costs of physically cleaning the site, ignoring the social benefits obtained by cleaning. This study estimates the effect of the existence of toxic sites on house values from before information on their toxicity was released by the federal government until several years after cleaning strategies were announced. The results indicate that community knowledge of the site, as well as government agency announcements, causes house prices to decline. It does not appear that assurances that the sites will be cleaned in the future lead to a rebound in house prices.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (60)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/3146708
A subscription is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:71:y:1995:i:4:p:428-435

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().