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A Hedonic Approach to Radiation Contamination Damages

Gender Equality and Multicultural Conviviality Journal, No. 6, 2012

20 Pages Posted: 15 Dec 2011 Last revised: 5 May 2013

Hatsuru Morita

Tohoku University

Date Written: May 5, 2013

Abstract

The hedonic method is an econometric tool to calculate implicit evaluation of environmental factors by employing the fact that preference of residents is capitalized into housing price. This paper utilizes the change of land price after the radiation contamination caused by the accident at the Fukushima Dai-ichi Nuclear Power Plant to calculate the amount of damages under Japanese tort law. The paper argues that the hedonic estimates can be used not only as proprietary loss of land owners but also as nonproprietary loss of residents in the radiation contaminated area. The hedonic method can be employed in other environmental nuisance cases, such as noise nuisance lawsuits and air pollution lawsuits.

Keywords: hedonic method, tort law, radiation contamination

JEL Classification: K13, K32

Suggested Citation

Morita, Hatsuru, A Hedonic Approach to Radiation Contamination Damages (May 5, 2013). Gender Equality and Multicultural Conviviality Journal, No. 6, 2012. Available at SSRN: https://ssrn.com/abstract=1972949

Hatsuru Morita (Contact Author)

Tohoku University ( email )

27-1 Kawauchi Aoba-ku
Sendai, Miyagi 980-8576
Japan
+81-22-795-6224 (Phone)
+81-22-795-6250 (Fax)

HOME PAGE: http://www.law.tohoku.ac.jp/~hatsuru/

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