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• W2032530914 abstract "This paper investigates how information contained in the U.S. Environmental Protection Agency's Toxic Release Inventory (TRI) program, one of the largest environmental right-to-know programs, affects prices in the housing market. I use a strengthening of the reporting requirements for the chemical lead in 2001 as exogenous variation to test for housing price changes near existing firms who must now report. Using a difference-in-differences specification, I find that listing an existing firm in the Toxic Release Inventory lowers housing prices up to 11% within approximately 1 mile. The results suggest that housing market participants do capitalize into prices at least some information conveyed by the TRI program." @default.
• W2032530914 created "2016-06-24" @default.
• W2032530914 creator A5053554165 @default.
• W2032530914 date "2015-05-01" @default.
• W2032530914 modified "2023-10-18" @default.
• W2032530914 title "Do environmental right-to-know laws affect markets? Capitalization of information in the toxic release inventory" @default.
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• W2032530914 doi "https://doi.org/10.1016/j.jeem.2015.02.004" @default.
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