Do environmental right-to-know laws affect markets? Capitalization of information in the toxic release inventory
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2015.02.004
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
- R. H. Coase, 2013.
"The Problem of Social Cost,"
Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
- Ronald H. Coase, 1960. "The Problem of Social Cost," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 5, pages 87-137, Palgrave Macmillan.
- Kenneth Y. Chay & Michael Greenstone, 2005.
"Does Air Quality Matter? Evidence from the Housing Market,"
Journal of Political Economy, University of Chicago Press, vol. 113(2), pages 376-424, April.
- Kenneth Y. Chay & Michael Greenstone, 1998. "Does Air Quality Matter? Evidence from the Housing Market," NBER Working Papers 6826, National Bureau of Economic Research, Inc.
- Michael Greenstone & Justin Gallagher, 2008.
"Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 951-1003.
- Michael Greenstone & Justin Gallagher, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," NBER Working Papers 11790, National Bureau of Economic Research, Inc.
- Michael Greenstone & Justin Gallagher, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Working Papers 2005.149, Fondazione Eni Enrico Mattei.
- Greenstone, Michael & Gallagher, Justin, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Economic Theory and Applications Working Papers 12179, Fondazione Eni Enrico Mattei (FEEM).
- Michael Greenstone & Justin Gallagher, 2006. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Working Papers 0620, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Gamper-Rabindran, Shanti & Timmins, Christopher, 2013. "Does cleanup of hazardous waste sites raise housing values? Evidence of spatially localized benefits," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 345-360.
- Janet Currie & Lucas Davis & Michael Greenstone & Reed Walker, 2015. "Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings," American Economic Review, American Economic Association, vol. 105(2), pages 678-709, February.
- Hallstrom, Daniel G. & Smith, V. Kerry, 2005. "Market responses to hurricanes," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 541-561, November.
- Linda Bui, 2005. "Public Disclosure of Private Information as a Tool for Regulating Environmental Emissions: Firm-Level Responses by Petroleum Refineries to the Toxics Release Inventory," Working Papers 05-13, Center for Economic Studies, U.S. Census Bureau.
- H. Spencer Banzhaf & Randall P. Walsh, 2008. "Do People Vote with Their Feet? An Empirical Test of Tiebout," American Economic Review, American Economic Association, vol. 98(3), pages 843-863, June.
- Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July.
- Gamper-Rabindran, Shanti, 2006. "Did the EPA's voluntary industrial toxics program reduce emissions? A GIS analysis of distributional impacts and by-media analysis of substitution," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 391-410, July.
- Leigh Linden & Jonah E. Rockoff, 2008. "Estimates of the Impact of Crime Risk on Property Values from Megan's Laws," American Economic Review, American Economic Association, vol. 98(3), pages 1103-1127, June.
- Shanti Gamper-Rabindran & Ralph Mastromonaco & Christopher Timmins, 2011. "Valuing the Benefits of Superfund Site Remediation: Three Approaches to Measuring Localized Externalities," NBER Working Papers 16655, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Billings, Stephen B. & Schnepel, Kevin T., 2017.
"The value of a healthy home: Lead paint remediation and housing values,"
Journal of Public Economics, Elsevier, vol. 153(C), pages 69-81.
- Billings, Stephen B. & Schnepel, Kevin, 2015. "The Value of a Healthy Home: Lead Paint Remediation and Housing Values," Working Papers 2015-23, University of Sydney, School of Economics.
- Billings, Stephen B. & Schnepel, Kevin T., 2017. "The Value of a Healthy Home: Lead Paint Remediation and Housing Values," IZA Discussion Papers 10873, Institute of Labor Economics (IZA).
- Grant D. Jacobsen, 2019.
"Who Wins In An Energy Boom? Evidence From Wage Rates And Housing,"
Economic Inquiry, Western Economic Association International, vol. 57(1), pages 9-32, January.
- Grant Jacobsen, 2016. "Who Wins in an Energy Boom? Evidence from Wage Rates and Housing," Upjohn Working Papers 17-271, W.E. Upjohn Institute for Employment Research.
- J. Scott Holladay & Lawrence D. LaPlue, 2021.
"Decomposing changes in establishment‐level emissions with entry and exit,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(3), pages 1046-1071, November.
- J. Scott Holladay & Lawrence D. LaPlue III, 2020. "Decomposing Changes in Establishment Level Emissions with Entry and Exit," Working Papers 2020-01, University of Tennessee, Department of Economics.
- Hausman, Catherine & Stolper, Samuel, 2021.
"Inequality, information failures, and air pollution,"
Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
- Catherine Hausman & Samuel Stolper, 2020. "Inequality, Information Failures, and Air Pollution," NBER Working Papers 26682, National Bureau of Economic Research, Inc.
- Nicholas J. Sanders, 2012. "Toxic Assets: How the Housing Market Responds to Environmental Information Shocks," Working Papers 128, Department of Economics, College of William and Mary.
- Wang, Xiao & Deltas, George & Khanna, Madhu & Bi, Xiang, 2017. "Community Pressure and the Relocation of Toxic Facilities," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258390, Agricultural and Applied Economics Association.
- Liu, Shaohui & Liu, Chuanjiang & Yang, Mian, 2021. "The effects of national environmental information disclosure program on the upgradation of regional industrial structure: Evidence from 286 prefecture-level cities in China," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 552-561.
- 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).
- H. Spencer Banzhaf, 2021.
"Difference-in-Differences Hedonics,"
Journal of Political Economy, University of Chicago Press, vol. 129(8), pages 2385-2414.
- Banzhaf, H. Spencer, 2019. "Difference-in-Difference Hedonics," MPRA Paper 101194, University Library of Munich, Germany.
- Mary F. Evans, 2016. "The Clean Air Act Watch List: An Enforcement and Compliance Natural Experiment," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(3), pages 627-665.
- Earnhart, Dietrich & Germeshausen, Robert & von Graevenitz, Kathrine, 2022. "Effects of information-based regulation on financial outcomes: Evidence from the European Union's public emission registry," ZEW Discussion Papers 22-015, ZEW - Leibniz Centre for European Economic Research.
- Gibbons, Stephen & Heblich, Stephan & Timmins, Christopher, 2021.
"Market tremors: Shale gas exploration, earthquakes, and their impact on house prices,"
Journal of Urban Economics, Elsevier, vol. 122(C).
- Gibbons, Stephen & Heblich, Stephan & Timmins, Christopher, 2021. "Market tremors: shale gas exploration, earthquakes, and their impact on house prices," LSE Research Online Documents on Economics 107900, London School of Economics and Political Science, LSE Library.
- Phaneuf, Daniel J. & Liu, Xiangping, 2016. "Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigmaAuthor-Name: Taylor, Laura O," Journal of Urban Economics, Elsevier, vol. 93(C), pages 85-98.
- Zhaohua Zhang & Derrick Robinson & Diane Hite, 2018. "Racial Residential Segregation: Measuring Location Choice Attributes of Environmental Quality and Self-Segregation," Sustainability, MDPI, vol. 10(4), pages 1-20, April.
- Evan Herrnstadt & Richard L. Sweeney, 2017. "What Lies Beneath: Pipeline Awareness and Aversion," NBER Working Papers 23858, National Bureau of Economic Research, Inc.
- Georgic, Will C. & Klaiber, Allen, 2018. "Identifying the Costs to Homeowners of Eliminating NFIP Subsidies," 2018 Annual Meeting, August 5-7, Washington, D.C. 274444, Agricultural and Applied Economics Association.
- Panle Jia Barwick & Shanjun Li & Liguo Lin & Eric Zou, 2019. "From Fog to Smog: the Value of Pollution Information," NBER Working Papers 26541, National Bureau of Economic Research, Inc.
- Du, Xinming, 2023. "Competing with clean air: Pollution disclosure and college desirability," Ecological Economics, Elsevier, vol. 204(PA).
- Boslett, Andrew & Hill, Elaine, 2019. "Shale gas transmission and housing prices," Resource and Energy Economics, Elsevier, vol. 57(C), pages 36-50.
- Kathrine Graevenitz & Daniel Römer & Alexander Rohlf, 2018. "The Effect of Emission Information on Housing Prices: Quasi-Experimental Evidence from the European Pollutant Release and Transfer Register," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 23-74, January.
- De Silva, Dakshina G. & McComb, Robert P. & Schiller, Anita R. & Slechten, Aurelie, 2021.
"Firm behavior and pollution in small geographies,"
European Economic Review, Elsevier, vol. 136(C).
- Dakshina De Silva & Robert McComb & Anita Schiller & Aurelie Slechten, 2019. "Firm Behavior and Pollution in Small Geographies," Working Papers 266151372, Lancaster University Management School, Economics Department.
- Patrick Gourley, 2019. "Social Stigma and Asset Value," Southern Economic Journal, John Wiley & Sons, vol. 85(3), pages 919-938, January.
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.- Mei, Yingdan & Qiu, Jixiang & Wu, Jialu & Meng, Lina, 2021. "Do residents care about urban dumps? Evidence from individual housing transaction data," Land Use Policy, Elsevier, vol. 109(C).
- Kathrine Graevenitz & Daniel Römer & Alexander Rohlf, 2018. "The Effect of Emission Information on Housing Prices: Quasi-Experimental Evidence from the European Pollutant Release and Transfer Register," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 23-74, January.
- Nicholas J. Sanders, 2012. "Toxic Assets: How the Housing Market Responds to Environmental Information Shocks," Working Papers 128, Department of Economics, College of William and Mary.
- Albouy, David & Christensen, Peter & Sarmiento-Barbieri, Ignacio, 2020.
"Unlocking amenities: Estimating public good complementarity,"
Journal of Public Economics, Elsevier, vol. 182(C).
- David Albouy & Peter Christensen & Ignacio Sarmiento-Barbieri, 2018. "Unlocking Amenities: Estimating Public-Good Complementarity," NBER Working Papers 25107, National Bureau of Economic Research, Inc.
- Karen Clay & Margarita Portnykh & Edson Severnini, 2021.
"Toxic Truth: Lead and Fertility,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 8(5), pages 975-1012.
- Clay, Karen & Portnykh, Margarita & Severnini, Edson R., 2018. "Toxic Truth: Lead and Fertility," IZA Discussion Papers 11541, Institute of Labor Economics (IZA).
- Karen Clay & Margarita Portnykh & Edson Severnini, 2018. "Toxic Truth: Lead and Fertility," NBER Working Papers 24607, National Bureau of Economic Research, Inc.
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016.
"Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain,"
SERC Discussion Papers
0207, Centre for Economic Performance, LSE.
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016. "Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain," NBER Working Papers 22859, National Bureau of Economic Research, Inc.
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016. "Fear of Fracking: The Impact of the Shale Gas Exploration on House Prices in Britain," Bristol Economics Discussion Papers 16/671, School of Economics, University of Bristol, UK.
- Rivera, Nathaly M. & Loveridge, Scott, 2022.
"Coal-to-gas fuel switching and its effects on housing prices,"
Energy Economics, Elsevier, vol. 106(C).
- Nathaly Rivera & Scott Loveridge, 2020. "The Coal-to-Gas Fuel Switching and its Effects on Housing Prices," Working Papers 2020-01, University of Alaska Anchorage, Department of Economics.
- Emmanuelle Lavaine, 2019. "Environmental risk and differentiated housing values," Post-Print hal-02048712, HAL.
- Billings, Stephen B. & Schnepel, Kevin T., 2017.
"The value of a healthy home: Lead paint remediation and housing values,"
Journal of Public Economics, Elsevier, vol. 153(C), pages 69-81.
- Billings, Stephen B. & Schnepel, Kevin, 2015. "The Value of a Healthy Home: Lead Paint Remediation and Housing Values," Working Papers 2015-23, University of Sydney, School of Economics.
- Billings, Stephen B. & Schnepel, Kevin T., 2017. "The Value of a Healthy Home: Lead Paint Remediation and Housing Values," IZA Discussion Papers 10873, Institute of Labor Economics (IZA).
- Nathaly M. Rivera, 2020.
"Is Mining an Environmental Disamenity? Evidence from Resource Extraction Site Openings,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 485-528, March.
- Nathaly M. Rivera, 2019. "Is Mining an Environmental Disamenity? Evidence from Resource Extraction Site Openings," Working Papers 2019-05, University of Alaska Anchorage, Department of Economics.
- H. Spencer Banzhaf, 2021.
"Difference-in-Differences Hedonics,"
Journal of Political Economy, University of Chicago Press, vol. 129(8), pages 2385-2414.
- Banzhaf, H. Spencer, 2019. "Difference-in-Difference Hedonics," MPRA Paper 101194, University Library of Munich, Germany.
- Lavaine, Emmanuelle, 2019. "Environmental risk and differentiated housing values: Evidence from the north of France," Journal of Housing Economics, Elsevier, vol. 44(C), pages 74-87.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015.
"The Housing Market Impacts of Shale Gas Development,"
American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, "undated". "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev, Resources for the Future.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
- Muehlenbachs, Lucia Anna & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev2, Resources for the Future.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39, Resources for the Future.
- Guignet, Dennis & Jenkins, Robin R. & Belke, James & Mason, Henry, 2023. "The property value impacts of industrial chemical accidents," Journal of Environmental Economics and Management, Elsevier, vol. 120(C).
- Nicolai V. Kuminoff, 2018. "Can Understanding Spatial Equilibria Enhance Benefit Transfers for Environmental Policy Evaluation?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(3), pages 591-608, March.
- Nicolai V. Kuminoff & Jaren C. Pope, 2014. "Do “Capitalization Effects” For Public Goods Reveal The Public'S Willingness To Pay?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(4), pages 1227-1250, November.
- Ross Levine & Chen Lin & Zigan Wang, 2018. "Pollution and Human Capital Migration: Evidence from Corporate Executives," NBER Working Papers 24389, National Bureau of Economic Research, Inc.
- Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019.
"Ease vs. noise: Long-run changes in the value of transport (dis)amenities,"
Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
- Nitsch, Volker & Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2019. "Ease vs. Noise: Long-run changes in the value of transport (dis)amenities," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 117314, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Ahlfeldt, Gabriel & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," CEPR Discussion Papers 13811, C.E.P.R. Discussion Papers.
- Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," Darmstadt Discussion Papers in Economics 236, Darmstadt University of Technology, Department of Law and Economics.
- Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: long-run changes in the value of transport (dis)amenities," LSE Research Online Documents on Economics 101736, London School of Economics and Political Science, LSE Library.
- Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 119276, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Grislain-Letrémy, Céline & Katossky, Arthur, 2014.
"The impact of hazardous industrial facilities on housing prices: A comparison of parametric and semiparametric hedonic price models,"
Regional Science and Urban Economics, Elsevier, vol. 49(C), pages 93-107.
- C. Grislain-Letrémy & A. Katossky, 2014. "The Impact of Hazardous Industrial Facilities on Housing Prices: A Comparison of Parametric and Semiparametric Hedonic Price Models," Documents de Travail de l'Insee - INSEE Working Papers g2014-05, Institut National de la Statistique et des Etudes Economiques.
- Céline Grislain-Letrémy & Arthur Katossky, 2014. "The Impact of Hazardous Industrial Facilities on Housing Prices : A Comparison of Parametric and Semiparametric Hedonic Price Models," Working Papers 2014-13, Center for Research in Economics and Statistics.
- Phaneuf, Daniel J. & Liu, Xiangping, 2016. "Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigmaAuthor-Name: Taylor, Laura O," Journal of Urban Economics, Elsevier, vol. 93(C), pages 85-98.
More about this item
Keywords
Right-to-know laws; Toxic release inventory; Quasi-experimental; Difference-in-differences; Environmental quality; Hedonics; Risk perceptions;All these keywords.
JEL classification:
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
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:jeeman:v:71:y:2015:i:c:p:54-70. 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/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.