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| Author: | Leggett, C. Bockstael, N. |
| Title: | Evidence of the effects of water quality on residential land prices |
| Journal: | Journal of Environmental Economics and Management
2000 : MAR, VOL. 39:2, p. 121-144 |
| Index terms: | WATER POLLUTION QUALITY LAND |
| Language: | eng |
| Abstract: | The authors use hedonic techniques to show that water quality has a significant effect on property values along the Chesapeake Bay. They calculate the potential benefits from an illustrative (but limited) water quality improvement, and they calculate an upper bound to the benefits from a more widespread improvement. Many environmental hedonic studies have almost entirely ignored the potential for omitted variables bias - the possibility that pollution source, in addition to emitting undesirable substances, are likely to be unpleasant neighbours. |
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