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Session: Environmental Valuation: Hedonic Analyses II
Chaired By: Todd Guilfoos, University of Rhode Island
When & Where: 1st July 2014, 14:00 - 15:45, Room 5
Presented By: Todd Guilfoos, University of Rhode Island
Co-Author(s): Michael Delgado, Purdue University and Andrew Boslett, University of Rhode Island

Downloads: Full Paper [3.54 MB]

We focus on identification and estimation of negative environmental effects of natural gas extraction in the United States. We advance previous research by contributing new data and new identification strategies for determining whether or not negative environmental effects of shale gas extraction are manifested in the prices of nearby homes. We consider data on two separate counties in Pennsylvania, and a variety of parametric and semiparametric hedonic regression models based on robust strategies for identification. Despite the robustness of our econometric approach, we fail to find much significance that negative environmental externalities of natural gas extraction are manifested in nearby property values. We find some evidence that any such environmental effects are confined to relatively short periods of time, and relatively close geographic proximity to the natural gas extraction sites. Therefore, while there may be plausible risks associated with natural gas extraction, we do not find much evidence to suggest that these risks are particularly significant.

   

All Papers in this Session

ECONOMIC IMPACT OF SUSTAINABLE BROWNFIELD REDEVELOPMENT

Presented by Olesya Savchenko, University of Illinois at Urbana-Champaign

ESTIMATING THE EFFECTS OF BROWNFIELDS AND BROWNFIELD REMEDIATION ON PROPERTY VALUES IN A NEW SOUTH CITY

Presented by Peter Schwarz, UNC Charlotte

INFLUENCE OF OPEN SPACE AND CONSERVATION POLICY ON RESIDENTIAL PROPERTY VALUES: A SPATIAL HEDONIC ANALYSIS

Presented by Linda Fernandez, Virginia Commonwealth University

THE COST OF HYDRAULIC FRACTURING: A HEDONIC ANALYSIS

Presented by Todd Guilfoos, University of Rhode Island

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