Measuring Hazardous Waste Damages with Panel Models
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 22, 259-271 (1992)
13 Pages Posted: 24 Feb 2016
Date Written: February 19, 2016
This study extends the use of panel data to analyze the damage associated with proximity to a hazardous waste site. Panel data can control for property specific factors which affect sale values, allowing the analysis to focus upon both the spatial and intertemporal factors associated with pollution. We contrast alternative econometric approaches which are applicable to panel data sets and discuss an important application which has led to sizeable natural resource damages actually being paid.
Keywords: hedonic analysis, hazardous waste, new bedford, panel data, natural resouce damage assesment
JEL Classification: Q25, C23
Suggested Citation: Suggested Citation