کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
985731 934668 2012 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A hedonic analysis of the impact of LUST sites on house prices
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
A hedonic analysis of the impact of LUST sites on house prices
چکیده انگلیسی

Petroleum from leaking underground storage tanks (LUSTs) can contaminate local soil and surface and groundwater. This can pose health risks to the surrounding population. Focusing on single family home sales from 1996 to 2007 in three Maryland Counties, we use a hedonic house price model and a difference–in-difference approach to estimate the willingness to pay to clean up the LUST sites. Particular attention is given to how property values are affected by leak and cleanup activity at a LUST site, the severity of contamination, the presence of a primary exposure pathway (i.e., private groundwater wells), and publicity surrounding a LUST site. The results suggest that although the typical LUST may not significantly affect nearby property values, more publicized (and more severe) sites can decrease surrounding home values by more than 10%.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Resource and Energy Economics - Volume 34, Issue 4, November 2012, Pages 549–564
نویسندگان
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