Preliminary Stated-Preference Research on the Impact of LUST Sites on Property Values: Focus Group Results
The purpose of this research effort is to examine the feasibility of designing a stated preference instrument to elicit the public’s willingness-to-pay (WTP) for remediation of leaking underground storage tank (LUST) sites (or perhaps prevention of releases). Nearly 500,000 releases have been documented from the over 600,000 USTs nationwide. Approximately 80 percent of these sites have been cleaned up. In the three Maryland counties that are the focus of this and the companion hedonic property value study there have been nearly 400 documented releases in the last 10 years. We report the results from four focus groups and four three-on-one interviews conducted in Maryland. The results of this focus group research provide a foundation for development of a stated preference study of the benefits of EPA’s UST program.
|Date of creation:||Aug 2010|
|Date of revision:||Aug 2010|
|Contact details of provider:|| Postal: 1200 Pennsylvania Ave., N.W., Washington, D.C. 20460|
Web page: https://www.epa.gov/environmental-economics
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- Robert A. Simons & Kimberly Winson-Geideman, 2005. "Determining Market Perceptions on Contamination of Residential Property Buyers using Contingent Valuation Surveys," Journal of Real Estate Research, American Real Estate Society, vol. 27(2), pages 193-220.
- Hank Jenkins-Smith & Carol Silva & Robert Berrens & Alok Bohara, 2002. "Information Disclosure Requirements and the Effect of Soil Contamination on Property Values," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 45(3), pages 323-339.
- Dietrich Earnhart, 2001. "Combining Revealed and Stated Preference Methods to Value Environmental Amenities at Residential Locations," Land Economics, University of Wisconsin Press, vol. 77(1), pages 12-29.
- Sudip Chattopadhyay & John B. Braden & Arianto Patunru, 2005. "Benefits Of Hazardous Waste Cleanup: New Evidence From Survey- And Market-Based Property Value Approaches," Contemporary Economic Policy, Western Economic Association International, vol. 23(3), pages 357-375, 07.
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