International Real Estate Review

2012 ◽  
Vol 15 (2) ◽  
pp. 215-230
Author(s):  
Mark P. Berkman ◽  
◽  
Kyle J. Hubbard ◽  
Timothy H. Savage ◽  
◽  
...  
Keyword(s):  
Property Values ◽  
Clean Air Act ◽  
Residential Property ◽  
Standard Deviation Increase ◽  
Percent Increase ◽  
Prior Literature ◽  
Clean Air ◽  
Multiple Pollution ◽  
The Impact ◽  
Percent Decrease

Recent litigation with regards to property damage associated with carbon black emissions provides an opportunity to measure the impact of particulate matter (PM), a Clean Air Act pollutant. By using property-specific PM concentrations, we estimate the impact of PM on residential property values, which accounts for relevant characteristics and multiple pollution sources. This study simultaneously incorporates all important econometric modeling features cited in the prior literature. We find that a 10-percent increase in PM concentration results in a statistically-significant 1.1-percent decrease in value. In 2007 dollars, a one-standard deviation increase in PM concentration results in a statistically-significant reduction of approximately $4,800.

The Impact of Landfills on Residential Property Values

1992 ◽  
Vol 7 (3) ◽  
pp. 297-314 ◽  
Author(s):  
Alan Reichert ◽  
Michael Small ◽  
Sunil Mohanty
Keyword(s):  
Property Values ◽  
Residential Property ◽  
Residential Property Values ◽  
The Impact

scholarly journals Does Close Count? School Proximity, School Quality, and Residential Property Values

2007 ◽  
Vol 39 (1) ◽  
pp. 211-221 ◽  
Author(s):  
Kwame Owusu-Edusei ◽  
Molly Espey ◽  
Huiyan Lin
Keyword(s):  
High School ◽  
South Carolina ◽  
School Quality ◽  
Average Distance ◽  
Property Values ◽  
School Level ◽  
Residential Property ◽  
Residential Property Values ◽  
The Impact

This study jointly estimates the impact of school quality and school proximity on residential property values in Greenville, South Carolina. While quality is found to be capitalized into residential property values, the degree of capitalization depends on school level and proximity to each school for which the house is zoned for attendance. In general, there is positive value associated with closer proximity to schools of all levels, and negative value associated with a significantly longer than average distance to schools. In terms of quality rankings, excellence at the elementary and high school levels has the strongest impact on property values.

The Impact of Inspections on Plant-Level Air Emissions

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Rema Nadeem Hanna ◽  
Paulina Oliva
Keyword(s):  
United States ◽  
Clean Air Act ◽  
The United States ◽  
Air Emissions ◽  
Abatement Costs ◽  
Manufacturing Plants ◽  
Clean Air ◽  
Plant Level ◽  
The Impact

Abstract Each year, the United States conducts approximately 20,000 inspections of manufacturing plants under the Clean Air Act. This paper compiles a panel dataset on plant-level inspections, fines, and emissions to understand whether these inspections actually reduce air emissions. We find plants reduce air emissions by fifteen percent, on average, following an inspection under the Clean Air Act. Plants that belong to industries that typically have low abatement costs respond more strongly to an inspection than those who belong to industries with high abatement costs.

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