The recent awakening of the Cotopaxi volcano in Ecuador set the conditions to estimate and verify the possible effects of potential lahars on residential housing unit prices. About 300,000 people live in the Los Chillos valley, which is the northern natural drainage of Cotopaxi's lahars; therefore, the effects on house values can be significant. We have used housing information from 2016 of 240 properties to settle a hedonic price model within and outside of the lahar's area. The regression model has a significant R 2 value of about 0.723. The variable that determined the effects of potential lahar on the hedonic model demonstrates that the value of a residence house unit will increase its price by 41.99 USD for each meter away from the lahar path. Our study suggests that environmental disamenities generated by natural hazards will have a negative effect on residential house unit prices and we infer that consumers would be willing to pay a higher price in order to avoid such potential disamenities.

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In the past of the earth several asteroids and meteoroids have been impacted, but most of these collisions have been eroded and today there are only sometimes direct and indirect indications, such as massive extinctions of species in the form of fossils, layers with content of extraterrestrial material among others. Based on our recent reconnaissance in the field in 2017, we have been able to identify a new impact of a meteorite on volcanic rock of the Miocene Tarqui Formation in central Ecuador. We were able to reveal and reconstruct the corresponding trajectory as well as its impact day being in 1995. Based on known impacts in South America, this is the very first to have been impacted on rocks, which would lead to a clear shock metamorphism. This discovery of the impact on a rock may soon be a major tourist attraction of the country due to its accessibility and importance for being unique in Ecuador and on the continent.