Contamination and Incomplete Information:: Bounding Implicit Prices using High-Profile Leaks.
Contamination and Incomplete Information:: Bounding Implicit Prices using High-Profile Leaks.
D. Guignet,Robin R. Jenkins,Matthew H. Ranson,P. Walsh
2018 · DOI: 10.1016/j.jeem.2017.12.003
Journal of Environmental Economics and Management · 28 Citations
TLDR
An average housing price depreciation is found upon discovery of a release, which is an upper bound on the implicit price of contamination at more typical sites, and a housing price appreciation following cleanup is found, suggesting that even in high-profile cases, surrounding neighborhoods do not experience persistent stigma.