Environmental Economics

The Benefits of Regulating Hazardous Waste Disposal: Land Values as an Estimator, Volume II

This document is part of a larger study that investigated the hypothesis that hazardous waste sites depress the value of nearby properties. EE-0200A is the Executive Summary for the study (see list of all reports in the series above for link). The analysis was conducted in two phases. The first, reported in EE-0200B, consisted of an empirical analysis of the impact of a hazardous waste site on property values in two locations. The second phase, reported in this document, 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

    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
    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-0200C
    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:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
  • Report Details
    Number of Pages:
    EPA #:
    Grant/Contract #:
  • How to Obtain Report

    Download report now
    Use link(s) to download or view the report

    Date Linked: 05/28/2009