Environmental Economics

The Benefits of Regulating Hazardous Waste Disposal: Land Values as an Estimator, Executive Summary

This document is the executive summary of a larger study that investigated the hypothesis that hazardous waste sites depress the value of nearby properties. The analysis was conducted in two phases. The first, reported in EE-0200B (see listing above of other reports in the same series for link), consisted of an empirical analysis of the impact of a hazardous waste site on property values in two locations. The second phase, reported in EE-0200C, focused on a more detailed analysis of one of the original two sites. Overall, the study's findings failed to confirm the hypothesis. The authors offer a number of theoretical and empirical reasons for this result, and conclude that property value studies are not likely to be valid or useful for predicting the potential benefits of regulating hazardous waste sites.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Revealed Preference
    1. Benefits Analysis - Valuation - Revealed Preference - Property Value
    Environmental Media:
    c. Land
    c. Land - Solid Waste/RCRA
    c. Land - Superfund/CERCLA
    Authors:
    Adler, Kenneth J.
    Anderson, Robert C.
    Cook, Zena L.
    Dower, Roger C.
    Ferguson, Allen R.
    Vickers, Margo J.
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Report Series:
    The Benefits of Regulating Hazardous Waste Disposal
    Inventory Record #: EE-0200A
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    Public Interest Economics CenterAddress: 1525 New Hampshire Ave., NW
    City: Washington State: DC ZIP: 20036
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    06/01/1984
    Number of Pages:
    17
    Comment:
    EPA #:
    Grant/Contract #:
    EPA-230-03-85-002
    68-01-6543
  • How to Obtain Report


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    Date Linked: 05/28/2009