Does the housing market respond to information disclosure?: Effects of toxicity indices in Japan
The policy instruments that provide information on a firm’s or facility’s environmental performance, such as the U.S. Toxic Release Inventory (TRI) and the Pollutant Release and Transfer Register system (PRTRs) used in some European countries and Japan, play an important role in encouraging firms or...
| Publicado en: | Journal of Environmental Management Vol. 92; no. 1; pp. 165 - 172 |
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| Autores principales: | , |
| Formato: | Artículo |
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Academic Press Inc.
Jan2011
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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=54486320&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 54486320 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 03014797 EMJ jtl: Journal of Environmental Management issn: 03014797 maglogo: N pubinfo: dt: Jan2011 vid: 92 iid: 1 pid: 735 pub: Academic Press Inc. artinfo: ui: 54486320 10.1016/j.jenvman.2010.08.018 ppf: 165 ppct: 7 formats: tig: atl: Does the housing market respond to information disclosure?: Effects of toxicity indices in Japan aug: au: Hibiki, Akira Managi, Shunsuke affil: Social and Environmental Systems Division, National Institute for Environmental Studies, 16-2 Onogawa, Tsukuba, Ibaraki 305-0044, Japan Graduate School of Environmental Studies, Tohoku University, 6-6-20 Aramaki-Aza Aoba, Aoba-Ku, Sendai, 980-8579, Japan su: Japan Carcinogens Rental housing Housing market Disclosure Industry & the environment Health risk communication sug: subj: Carcinogens Rental housing Housing market Disclosure Japan Lessors of Residential Buildings and Dwellings Lessors of residential buildings and dwellings (except social housing projects) Industry & the environment Health risk communication keyword: Carcinogenic risk Hedonic approach Information provision Pollution release and transfer Register system PRTR Carcinogenic risk Hedonic approach Information provision Pollution release and transfer Register system PRTR ab: The policy instruments that provide information on a firm’s or facility’s environmental performance, such as the U.S. Toxic Release Inventory (TRI) and the Pollutant Release and Transfer Register system (PRTRs) used in some European countries and Japan, play an important role in encouraging firms or facilities to improve their environmental performance, if investors, consumers and residents recognize their environmental performance. This study uses a hedonic approach to explore how the Japanese rental housing market responds to carcinogenic risk arising from releases and transfers of chemical substances produced and used at close facilities. We found that residents do not perceive carcinogenic risk generated more than 1.0 km away from their residence and that they seem to recognize the increased carcinogenic risk at distances from 0.5 km to 1.0 km away; a 1% increase in carcinogenic risk reduces the average rent by 0.0007%. The distance at which residents perceive the risk arising from such facilities is less than in previous studies. This suggests that the risk perception recognized in previous studies may capture the other externalities in addition to the chemical risk because the risk is measured by the distance. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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