Hedonic valuation of the perceived risks of nuclear power plants
Author
Suggested Citation
DOI: 10.1016/j.econlet.2015.05.033
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- David E. Clark & Tim Allison, 1999. "articles: Spent nuclear fuel and residential property values: the influence of proximity, visual cues and public information," Papers in Regional Science, Springer;Regional Science Association International, vol. 78(4), pages 403-421.
- Geoffrey H. Donovan & Patricia A. Champ & David T. Butry, 2007. "Wildfire Risk and Housing Prices: A Case Study from Colorado Springs," Land Economics, University of Wisconsin Press, vol. 83(2), pages 217-233.
- Christopher F. Parmeter & Jaren C. Pope, 2013.
"Quasi-experiments and hedonic property value methods,"
Chapters, in: John A. List & Michael K. Price (ed.), Handbook on Experimental Economics and the Environment, chapter 1, pages 3-66,
Edward Elgar Publishing.
- Christopher F. Parmeter & Jaren C. Pope, 2012. "Quasi-Experiments and Hedonic Property Value Methods," Working Papers 2012-7, University of Miami, Department of Economics.
- Siegrist, Michael & Visschers, Vivianne H.M., 2013. "Acceptance of nuclear power: The Fukushima effect," Energy Policy, Elsevier, vol. 59(C), pages 112-119.
- Naoi, Michio & Seko, Miki & Sumita, Kazuto, 2009. "Earthquake risk and housing prices in Japan: Evidence before and after massive earthquakes," Regional Science and Urban Economics, Elsevier, vol. 39(6), pages 658-669, November.
- Pope, Jaren C., 2008. "Buyer information and the hedonic: The impact of a seller disclosure on the implicit price for airport noise," Journal of Urban Economics, Elsevier, vol. 63(2), pages 498-516, March.
- Boes, Stefan & Nüesch, Stephan, 2011. "Quasi-experimental evidence on the effect of aircraft noise on apartment rents," Journal of Urban Economics, Elsevier, vol. 69(2), pages 196-204, March.
- Guido W. Imbens & Jeffrey M. Wooldridge, 2009.
"Recent Developments in the Econometrics of Program Evaluation,"
Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
- Guido M. Imbens & Jeffrey M. Wooldridge, 2008. "Recent Developments in the Econometrics of Program Evaluation," NBER Working Papers 14251, National Bureau of Economic Research, Inc.
- Wooldridge, Jeffrey M. & Imbens, Guido, 2009. "Recent Developments in the Econometrics of Program Evaluation," Scholarly Articles 3043416, Harvard University Department of Economics.
- Guido Imbens & Jeffrey M. Wooldridge, 2008. "Recent developments in the econometrics of program evaluation," CeMMAP working papers CWP24/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Imbens, Guido W. & Wooldridge, Jeffrey M., 2008. "Recent Developments in the Econometrics of Program Evaluation," IZA Discussion Papers 3640, Institute of Labor Economics (IZA).
- John A. List & Michael K. Price (ed.), 2013. "Handbook on Experimental Economics and the Environment," Books, Edward Elgar Publishing, number 12964.
- Gawande, Kishore & Jenkins-Smith, Hank, 2001. "Nuclear Waste Transport and Residential Property Values: Estimating the Effects of Perceived Risks," Journal of Environmental Economics and Management, Elsevier, vol. 42(2), pages 207-233, September.
- Jon P. Nelson, 1981. "Three Mile Island and Residential Property Values: Empirical Analysis and Policy Implications," Land Economics, University of Wisconsin Press, vol. 57(3), pages 363-372.
- William C. Metz & David E. Clark, 1997. "The Effect of Decisions About Spent Nuclear Fuel Storage on Residential Property Values," Risk Analysis, John Wiley & Sons, vol. 17(5), pages 571-582, October.
- Bin, Okmyung & Landry, Craig E., 2013. "Changes in implicit flood risk premiums: Empirical evidence from the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 361-376.
- Sherman Folland & Robbin Hough, 2000. "Externalities of Nuclear Power Plants: Further Evidence," Journal of Regional Science, Wiley Blackwell, vol. 40(4), pages 735-753, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wen‐Chi Liao & Yilan Luo & Yajie Sun, 2022. "Information shock of disaster and hazard: Impact of Kaohsiung gas explosions and risk disclosure on the equalizing difference in the housing market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(6), pages 1492-1531, November.
- Ando, Michihito & Dahlberg, Matz & Engström, Gustav, 2017.
"The risks of nuclear disaster and its impact on housing prices,"
Economics Letters, Elsevier, vol. 154(C), pages 13-16.
- Ando, Michihito & Dahlberg, Matz & Engström, Gustav, 2017. "The Risks of Nuclear Disaster and Its Impact on Housing Prices," Working Paper Series 2017:2, Uppsala University, Department of Economics.
- Tanaka, Shinsuke & Zabel, Jeffrey, 2018. "Valuing nuclear energy risk: Evidence from the impact of the Fukushima crisis on U.S. house prices," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 411-426.
- Chuanwang Sun & Xiaochun Meng & Shuijun Peng, 2017. "Effects of Waste-to-Energy Plants on China’s Urbanization: Evidence from a Hedonic Price Analysis in Shenzhen," Sustainability, MDPI, vol. 9(3), pages 1-18, March.
- Zhu, Hongjia & Deng, Yongheng & Zhu, Rong & He, Xiaobo, 2016. "Fear of nuclear power? Evidence from Fukushima nuclear accident and land markets in China," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 139-154.
- Ju-Hee Kim & Young-Kuk Kim & Seung-Hoon Yoo, 2023. "Does Proximity to a Power Plant Affect Housing Property Values of a City in South Korea? An Empirical Investigation," Energies, MDPI, vol. 16(4), pages 1-14, February.
- Tajima, Kayo & Yamamoto, Masashi & Ichinose, Daisuke, 2016. "How do agricultural markets respond to radiation risk? Evidence from the 2011 disaster in Japan," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 20-30.
- Hsiao, Cody Yu-Ling & Chen, Hsing Hung, 2018. "The contagious effects on economic development after resuming construction policy for nuclear power plants in Coastal China," Energy, Elsevier, vol. 152(C), pages 291-302.
- Fekrazad, Amir, 2019. "Earthquake-risk salience and housing prices: Evidence from California," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 78(C), pages 104-113.
- Kim, Ju-Hee & Lim, Seul-Ye & Yoo, Seung-Hoon, 2023. "Does district heating affect residential property prices? Case study of an urban area in South Korea," Utilities Policy, Elsevier, vol. 83(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Yves Schneider & Peter Zweifel, 2013. "Spatial Effects in Willingness to Pay for Avoiding Nuclear Risks," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(III), pages 357-379, September.
- Welsch, Heinz & Biermann, Philipp, 2016.
"Measuring nuclear power plant externalities using life satisfaction data: A spatial analysis for Switzerland,"
Ecological Economics, Elsevier, vol. 126(C), pages 98-111.
- Heinz Welsch & Philipp Biermann, 2015. "Measuring Nuclear Power Plant Externalities Using Life Satisfaction Data: A Spatial Analysis for Switzerland," Working Papers V-375-15, University of Oldenburg, Department of Economics, revised Jan 2015.
- Daniel Broxterman & Tingyu Zhou, 2023. "Information Frictions in Real Estate Markets: Recent Evidence and Issues," The Journal of Real Estate Finance and Economics, Springer, vol. 66(2), pages 203-298, February.
- Eriksen, Michael D. & Kniesner, Thomas J. & Rohlfs, Chris & Sullivan, Ryan, 2016. "Toward more general hedonic estimation: Clarifying the roles of alternative experimental designs with an application to a housing attribute," Regional Science and Urban Economics, Elsevier, vol. 57(C), pages 54-62.
- Christian Almer & Stefan Boes & Stephan Nuesch, 2013. "How do Housing Prices Adjust After an Environmental Shock? Evidence from a State-Mandated Change in Aircraft Noise Exposure," Department of Economics Working Papers 11/12, University of Bath, Department of Economics.
- Tanner, Sophia & Garnache, Cloe, 2017. "The Cost of Wildfires in Heavily Urbanized Areas: A Hedonic Approach," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259167, Agricultural and Applied Economics Association.
- Georgic, Will & Klaiber, H. Allen, 2022. "Stocks, flows, and flood insurance: A nationwide analysis of the capitalized impact of annual premium discounts on housing values," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
- McCoy, Shawn J. & Walsh, Randall P., 2018. "Wildfire risk, salience & housing demand," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 203-228.
- Welsch, Heinz, 2016.
"Electricity Externalities, Siting, and the Energy Mix: A Survey,"
International Review of Environmental and Resource Economics, now publishers, vol. 10(1), pages 57-94, November.
- Heinz Welsch, 2016. "Electricity Externalities, Siting, and the Energy Mix: A Survey," Working Papers V-394-16, University of Oldenburg, Department of Economics, revised Oct 2016.
- Amélie Mauroux, 2015. "L’information préventive améliore-t-elle la perception des risques? Impact de l’Information Acquéreur Locataire sur le prix des logements," Policy Papers 2015.05, FAERE - French Association of Environmental and Resource Economists.
- James R. Meldrum, 2016. "Floodplain Price Impacts by Property Type in Boulder County, Colorado: Condominiums Versus Standalone Properties," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 725-750, August.
- Beltrán, Allan & Maddison, David & Elliott, Robert, 2019. "The impact of flooding on property prices: A repeat-sales approach," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 62-86.
- Liu, Yanan & Tang, Yugang, 2021. "Epidemic shocks and housing price responses: Evidence from China's urban residential communities," Regional Science and Urban Economics, Elsevier, vol. 89(C).
- Walter D'Lima & Timothy Komarek & Luis A. Lopez, 2023. "Risk perception in housing markets: Evidence from a fighter jet crash," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(4), pages 819-854, July.
- Amélie Mauroux, 2015. "L’information préventive améliore-t-elle la perception des risques? Impact de l’Information Acquéreur Locataire sur le prix des logements," Working Papers 2015.17, FAERE - French Association of Environmental and Resource Economists.
- Gawande, Kishore & Jenkins-Smith, Hank & Yuan, May, 2013. "The long-run impact of nuclear waste shipments on the property market: Evidence from a quasi-experiment," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 56-73.
- Hidano, Noboru & Hoshino, Tadao & Sugiura, Ayako, 2015. "The effect of seismic hazard risk information on property prices: Evidence from a spatial regression discontinuity design," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 113-122.
- Munro, Kirstin & Tolley, George, 2018. "Property values and tax rates near spent nuclear fuel storage," Energy Policy, Elsevier, vol. 123(C), pages 433-442.
- Fumihiro Yamane & Hideaki Ohgaki & Kota Asano, 2013. "The Immediate Impact of the Fukushima Daiichi Accident on Local Property Values," Risk Analysis, John Wiley & Sons, vol. 33(11), pages 2023-2040, November.
- Tao Gu & Masayuki Nakagawa & Makoto Saito & Hisaki Yamaga, 2018.
"Public Perceptions of Earthquake Risk and the Impact on Land Pricing: The Case of the Uemachi Fault Line in Japan,"
The Japanese Economic Review, Japanese Economic Association, vol. 69(4), pages 374-393, December.
- Tao Gu & Masayuki Nakagawa & Makoto Saito & Hisaki Yamaga, 2018. "Public Perceptions of Earthquake Risk and the Impact on Land Pricing: The Case of the Uemachi Fault Line in Japan," The Japanese Economic Review, Springer, vol. 69(4), pages 374-393, December.
More about this item
Keywords
Hedonic valuation; Environmental goods; Nuclear power; Difference-in-differences; Risk perception;All these keywords.
JEL classification:
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:133:y:2015:i:c:p:109-111. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.