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• W2476829348 abstract "This research seeks to identify the impact of environmental contamination on residential housing prices separate from land use externalities associated with the contaminated sites. This is possible in an empirical model that considers the influence of uncontaminated commercial properties on home values concurrently with contaminated property influences. Our approach addresses an important source of omitted variable bias that has not been fully recognized in the literature, and it allows identification of stigma effects in a way not possible in past studies. We estimate difference-in-differences models that pool observations across a metro area and across time, as well as repeat sales models that rely on multiple transactions per home. Results indicate that environmental contamination more than doubles the negative influence commercial properties have on neighboring residential home values. Furthermore, we find little evidence of stigma effects once a contaminated site is remediated. The negative spillover effects associated with remediated contaminated sites are largely indistinguishable from the spillover effects from commercial properties with no known contamination." @default.
• W2476829348 created "2016-08-23" @default.
• W2476829348 creator A5052685526 @default.
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• W2476829348 date "2016-05-01" @default.
• W2476829348 modified "2023-09-27" @default.
• W2476829348 title "Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigma" @default.
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• W2476829348 doi "https://doi.org/10.1016/j.jue.2016.03.004" @default.
• W2476829348 hasPublicationYear "2016" @default.
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