IDEAS home Printed from https://ideas.repec.org/a/bla/jregsc/v58y2018i3p635-658.html
   My bibliography  Save this article

Economic valuation of a rise in ambient radiation risks: Hedonic pricing evidence from the accident in Fukushima

Author

Listed:
  • Alistair Munro

Abstract

Using a combined data set of radiation levels and property prices from Fukushima and Miyagi prefectures that runs from 2009 to early 2017, the economic impact of radiation from the Fukushima nuclear accident is assessed. A 1 percent rise in radiation is associated with approximately 0.051 percentage drop in housing prices and though the level of radiation falls substantially after 2011, the estimated elasticity is broadly stable. The associated estimate of VSL (value of a statistical life) is in the region of US$4.5–6.4 million, which suggests no strong element of dread or overestimation of risks is present.

Suggested Citation

  • Alistair Munro, 2018. "Economic valuation of a rise in ambient radiation risks: Hedonic pricing evidence from the accident in Fukushima," Journal of Regional Science, Wiley Blackwell, vol. 58(3), pages 635-658, June.
    • Handle: RePEc:bla:jregsc:v:58:y:2018:i:3:p:635-658
    DOI: 10.1111/jors.12381
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jors.12381
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jors.12381?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michele Aquaro & Natalia Bailey & M. Hashem Pesaran, 2021. "Estimation and inference for spatial models with heterogeneous coefficients: An application to US house prices," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(1), pages 18-44, January.
    2. Hui Zhang & Chris Dolan & Si Meng Jing & Justine Uyimleshi & Peter Dodd, 2019. "Bounce Forward: Economic Recovery in Post-Disaster Fukushima," Sustainability, MDPI, vol. 11(23), pages 1-24, November.
    3. Ina Blind & Matz Dahlberg, 2020. "Immigration, new religious symbols, and the dynamics of neighborhoods," Journal of Regional Science, Wiley Blackwell, vol. 60(5), pages 929-958, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:bla:jregsc:v:58:y:2018:i:3:p:635-658. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-4146 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.