Estimation of perceived risk and its effect on property values.
A dynamic, discrete-time model is estimated in order to analyze the evolution of perceived risk around a hazardous waste site and its effect on property values. Residential property values are modeled as a function of housing attributes and perceived risk from a nearby hazardous waste site using an...
| Publicado en: | Land Economics Vol. 77; no. 1; pp. 42 - 56 |
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| Autores principales: | , |
| Formato: | Artículo |
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University of Wisconsin Press
February 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510168635&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510168635 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: February 2001 vid: 77 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510168635 10.2307/3146979 ppf: 42 ppct: 14 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1MB tig: atl: Estimation of perceived risk and its effect on property values. aug: au: McCluskey, Jill J. Rausser, Gordon C. su: Location of hazardous waste sites Health risk assessment Externalities Prices Home prices Housing Valuation of real property Mathematical models Texas Dallas (Tex.) sug: subj: Texas Dallas (Tex.) Location of hazardous waste sites Health risk assessment Externalities Prices Home prices Housing Valuation of real property Mathematical models keyword: Hedonic price theory ab: A dynamic, discrete-time model is estimated in order to analyze the evolution of perceived risk around a hazardous waste site and its effect on property values. Residential property values are modeled as a function of housing attributes and perceived risk from a nearby hazardous waste site using an hedonic-price framework. Perceived risk enters the model as a state equation, which includes a media coverage variable. Results indicate that media coverage and high prior risk perception increase current perceived risk. Increased perceived risk surrounding the hazardous waste site, in turn, lowers property values. (JEL D80, R1) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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