An Interregional Hedonic Analysis of Noxious Facility Impacts on Local Wages and Property Values

Clark, David E.; Nieves, L.A.

doi:10.1006/jeem.1994.1036

Cited by 43 publications

(42 citation statements)

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“…Nelson (1981) found a positive, but very small, distance effect on property prices with distance from the Three Mile Island NPP in Pennsylvania (prior to the accident at that plant in 1979), whereas Gamble and Downing (1982) found no significant distance effect for NPPs along the East Coast. Clark and Nieves (1994) found that housing prices in regions with more NPPs (Middle Atlantic, South Atlantic, and Pacific) were lower than in other U.S. regions, which the authors attribute to anxiety over risk. By contrast, Clark et al (1997) found that house prices in California were higher at greater proximity to NPPs, which they attribute to possible macro (income) impacts.…”

Section: Valuation Studiesmentioning

confidence: 91%

Electricity Externalities, Siting, and the Energy Mix: A Survey

Welsch

2016

IRERE

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractWhile early literature on electricity externalities was largely concerned with fossil fuel power generation and the associated emissions, nuclear accidents (Chernobyl, Fukushima) and the large-scale deployment of renewable energy facilities have spurred a wave of research on the externalities of nuclear power and renewable energies. The issue is important because many countries have started reconsidering their energy policies, and the externalities from electricity generation play a major role in the benefit-cost analysis of relevant options. This paper reviews the literature on electricity-related externalities. It starts by discussing their nature and the methods employed in valuing them. It finds that appraisals of electricity externalities are complicated because of heterogeneity of both the externalities themselves and the methods applied in measuring them. The paper reviews valuation studies of the externalities from fossil fuel, nuclear and renewable sources, and it discusses the relevance of their findings for the siting of plants and the electricity mix. It concludes by pointing out gaps in our knowledge about electricity externalities that deserve to be addressed in future research.

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Section: Valuation Studiesmentioning

confidence: 91%

Electricity Externalities, Siting, and the Energy Mix: A Survey

Welsch

2016

IRERE

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“…Historically, the Lincoln Neighborhood has been primarily a working class neighborhood with many 2 For example, see the EPA_s Brownfield Assessment Grants, Revolving Loan Fund Grants and Cleanup Grants programs (http://www.epa.gov/swerosps/bf/pilot.htm), and, HUD_s Brownfields Economic Development Initiative grants program (http://www.hud.gov/offices/cpd/economicdevelopment/ programs/bedi/index.cfm). 3 In addition, see Boyle and Kiel (2001); Clark and Nieves (1994); Espey and Lopez (2000); Flower and Ragas (1994); Leggett and Bockstael (2000); Mooney and Eisgruber (2001); Reichert et al (1992); Tyrvä inen and Miettinen (2000); and, Zabel and Kiel (2000). 4 For discussions of the validity and theoretical underpinnings of the hedonic price method see Cropper (2000); Freeman (1979); and, Gatzlaff and Ling (1994).…”

Section: Characteristics Of the Lincoln Neighborhood In Kenoshamentioning

confidence: 96%

The Impact of Small Brownfields and Greenspaces on Residential Property Values

Kaufman

Cloutier

2006

J Real Estate Finan Econ

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Using a hedonic pricing model, this paper investigates the responsiveness of residential property values in a well-defined inner-city neighborhood of Kenosha, Wisconsin, to the presence of two small former industrial sites contaminated by various environmental pollutants, or brownfields, and a local neighborhood park, or greenspace. Using readily available data on sales and assessments for residential property in close proximity to the brownfields and the greenspace, we estimate well-behaved and statistically significant property value gradients with respect to the park, the environmental amenity, and the brownfields, the environmental disamenities. These functions are then used to estimate the possible impact that brownfield remediation may have on total property value. We estimate that remediation and redevelopment of the brownfields into greenspaces would increase property values for the 890 neighborhood residences between $2.40 and $7.01 million. These results suggest that small brownfields have a measurable impact on property values and that readily accessible data can be used to help local policymakers make decisions on remediation issues. Copyright Springer Science + Business Media, LLC 2006Brownfields, Greenspace, residential property values, Hedonic pricing,

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“…This results in an externality borne by those in geographic proximity to both the nuclear power plants and the waste sites. In addition to greater risk costs there are also well documented economic penalties such as decreased house values in the vicinity of both nuclear plants and nuclear waste repositories [50][51][52]. Finally, there are future externalities that are very difficult to quantify.…”

Section: Nuclear Energy Externalitiesmentioning

confidence: 99%

Limitations of Nuclear Power as a Sustainable Energy Source

Pearce

2012

Sustainability

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This paper provides a review and analysis of the challenges that nuclear power must overcome in order to be considered sustainable. The results make it clear that not only do innovative technical solutions need to be generated for the fundamental inherent environmental burdens of nuclear energy technology, but the nuclear industry must also address difficult issues of equity both in the present and for future generations. The results show that if the concept of just sustainability is applied to the nuclear energy sector a global large-scale sustainable nuclear energy system to replace fossil fuel combustion requires the following: (i) a radical improvement in greenhouse gas emissions intensity by improved technology and efficiency through the entire life cycle to prevent energy cannibalism during rapid growth; (ii) the elimination of nuclear insecurity to reduce the risks associated with nuclear power so that the free market can indemnify it without substantial public nuclear energy insurance subsidies; (iii) the elimination of radioactive waste at the end of life and minimization of environmental impact during mining and operations; and (iv) the nuclear industry must regain public trust or face obsolescence as a swarm of renewable energy technologies quickly improve both technical and economic performance.

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An Interregional Hedonic Analysis of Noxious Facility Impacts on Local Wages and Property Values

Cited by 43 publications

References 0 publications

Electricity Externalities, Siting, and the Energy Mix: A Survey

Electricity Externalities, Siting, and the Energy Mix: A Survey

The Impact of Small Brownfields and Greenspaces on Residential Property Values

Limitations of Nuclear Power as a Sustainable Energy Source

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