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The Value of Avoiding a LULU: Hazardous Waste Disposal Sites

In: The Economics of Environmental Risk

Author

Listed:
  • V. Kerry Smith
  • William H. Desvousges

Abstract

This paper develops and estimates a demand model to describe a household's demand for distance from a landfill with hazardous wastes. This model provides one basis for gauging the intensity of a household's desire to avoid living near this type of facility. Using the conceptual framework of a hedonic property value model to provide the basis for demand for distance questions, a survey in suburban Boston elicited this information from 609 households. The demand estimates imply that the average household would realize a consumer surplus between $330-to- $495 annually for each mile between its residence and a landfill containing hazardous waste.

Suggested Citation

  • V. Kerry Smith & William H. Desvousges, 2022. "The Value of Avoiding a LULU: Hazardous Waste Disposal Sites," Chapters, in: The Economics of Environmental Risk, chapter 17, pages 242-248, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1195_17
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