Does Size Really Matter? Landfill Scale Impacts on Property Values

Jong Seok Lim and Paul Missios

MPRA Paper from University Library of Munich, Germany

Abstract: The economic advantage of constructing and operating large-scale landfills over small-scale landfills has been used to justify regional landfills as a solution to the municipal waste disposal problem. In addition to the dampening effects on social efforts to divert waste away from landfills, higher external costs of larger landfills may in fact offset the private cost advantages. In this study, the negative effects of a landfill that are capitalized in property values of houses located in the proximity of two landfill sites of significantly different sizes in Toronto, Canada, are examined. The results suggest that larger landfills have greater adverse impacts on property values than smaller landfills, implying consumers perceive (and markets reflect) differences in external costs.

Keywords: externalities; landfills; hedonic pricing (search for similar items in EconPapers)
JEL-codes: H41 Q3 Q31 (search for similar items in EconPapers)
Date: 2005-04-11
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Applied Economics Letters 10.14(2007): pp. 719-723

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/70809/1/MPRA_paper_70809.pdf original version (application/pdf)

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:pra:mprapa:70809

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().