Measuring Hazardous Waste Damages with Panel Models

JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 22, 259-271 (1992)

13 Pages Posted: 24 Feb 2016

See all articles by Daniel Hellerstein

Daniel Hellerstein

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies; Yale University

Michael Huguenin

Independent

Robert E. Unsworth

Independent

Richard Brazee

University of Illinois at Chicago; Independent

Date Written: February 19, 2016

Abstract

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

Hellerstein, Daniel and Mendelsohn, Robert O. and Huguenin, Michael and Unsworth, Robert E. and Brazee, Richard, Measuring Hazardous Waste Damages with Panel Models (February 19, 2016). JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 22, 259-271 (1992). Available at SSRN: https://ssrn.com/abstract=2735177

Daniel Hellerstein (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5613 (Phone)
202-694-5756 (Fax)

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies ( email )

195 Prospect Street
New Haven, CT 06511
United States

Yale University ( email )

New Haven, CT 06520
United States
2034325128 (Phone)

Michael Huguenin

Independent ( email )

No Address Available

Robert E. Unsworth

Independent ( email )

No Address Available

Richard Brazee

University of Illinois at Chicago ( email )

1200 W Harrison St
Chicago, IL 60607
United States

Independent ( email )

No Address Available

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