IDEAS home Printed from https://ideas.repec.org/p/nev/wpaper/wp201405.html
   My bibliography  Save this paper

Prevention, Cleanup, and Reuse Benefits from the Federal UST Program

Author

Listed:
  • Robin R. Jenkins
  • Dennis Guignet
  • Patrick J. Walsh

Abstract

This paper attempts to comprehensively identify all relevant benefit categories associated with prevention and remediation of releases from underground storage tanks (USTs), as well as from reuse of formerly (or potentially) contaminated UST sites. The benefit categories include improvements in human health, ecosystem services, aesthetics, recreational opportunities, and land productivity. A qualitative explanation of each benefit category is provided and examples of UST sites associated with each is offered. The suggestion is not that all the categories are associated with all UST sites. Instead, there is a great deal of variability across sites, as illustrated by four case studies presented in this paper’s appendix. The paper also offers background information on the problem of UST releases, as well as descriptions of the regulatory program and the population of regulated systems and facilities.

Suggested Citation

  • Robin R. Jenkins & Dennis Guignet & Patrick J. Walsh, 2014. "Prevention, Cleanup, and Reuse Benefits from the Federal UST Program," NCEE Working Paper Series 201405, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2014.
    • Handle: RePEc:nev:wpaper:wp201405
    as

    Download full text from publisher

    File URL: https://www.epa.gov/environmental-economics/working-paper-prevention-cleanup-and-reuse-benefits-federal-ust-program
    File Function: First version, 2014
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Richard G. Walsh & John B. Loomis & Richard A. Gillman, 1984. "Valuing Option, Existence, and Bequest Demands for Wilderness," Land Economics, University of Wisconsin Press, vol. 60(1), pages 14-29.
    2. Dennis Guignet, 2013. "What Do Property Values Really Tell Us? A Hedonic Study of Underground Storage Tanks," Land Economics, University of Wisconsin Press, vol. 89(2), pages 211-226.
    3. Dennis Guignet, 2014. "To Sell Or Not To Sell: The Impacts of Pollution on Home Transactions," NCEE Working Paper Series 201401, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Jan 2014.
    4. Guignet, Dennis, 2012. "The impacts of pollution and exposure pathways on home values: A stated preference analysis," Ecological Economics, Elsevier, vol. 82(C), pages 53-63.
    5. Bryan J. Hubbell & Jeffrey L. Jordan, 2000. "Joint Production and Averting Expenditure Measures of Willingness to Pay: Do Water Expenditures Really Measure Avoidance Costs?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 427-437.
    6. Robert A. Simons & William Bowen & Arthur Sementell, 1997. "The Effect of Underground Storage Tanks on Residential Property Values in Cuyahoga County, Ohio," Journal of Real Estate Research, American Real Estate Society, vol. 14(1), pages 29-42.
    7. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Guignet, Dennis & Jenkins, Robin & Ranson, Matthew & Walsh, Patrick J., 2018. "Contamination and incomplete information: Bounding implicit prices using high-profile leaks," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 259-282.

    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.
    1. Guignet, Dennis B. & Martinez-Cruz, Adan L., 2018. "The impacts of underground petroleum releases on a homeowner's decision to sell: A difference-in-differences approach," Regional Science and Urban Economics, Elsevier, vol. 69(C), pages 11-24.
    2. Dennis Guignet & Anna Alberini, 2015. "Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the United Kingdom," Risk Analysis, John Wiley & Sons, vol. 35(3), pages 501-517, March.
    3. Dennis Guignet & Anna Alberini, 2013. "Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK," Working Papers 2013.67, Fondazione Eni Enrico Mattei.
    4. Guignet, Dennis, 2012. "The impacts of pollution and exposure pathways on home values: A stated preference analysis," Ecological Economics, Elsevier, vol. 82(C), pages 53-63.
    5. Dennis Guignet & Rachel Northcutt & Patrick J. Walsh, 2015. "The Property Value Impacts of Groundwater Contamination: Agricultural Runoff and Private Wells," NCEE Working Paper Series 201505, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2015.
    6. Ludo Peeters & Eloi Schreurs & Steven Passel, 2017. "Heterogeneous Impact of Soil Contamination on Farmland Prices in the Belgian Campine Region: Evidence from Unconditional Quantile Regressions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 66(1), pages 135-168, January.
    7. Muhammad Rahman & Sher Ali & Naveed Hayat, 2022. "Households Health Cost from Water Borne Diseases in District Swat, Khyber Pakhtunkhwa, Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(4), pages 633-646, December.
    8. Nunes, P.A.L.D. & Nijkamp, P., 2011. "Biodiversity: Economic perspectives," Serie Research Memoranda 0002, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    9. Kevin Boyle & Sapna Kaul & Ali Hashemi & Xiaoshu Li, 2015. "Applicability of benefit transfers for evaluation of homeland security counterterrorism measures," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 10, pages 225-253, Edward Elgar Publishing.
    10. Sunak, Yasin & Madlener, Reinhard, 2012. "The Impact of Wind Farms on Property Values: A Geographically Weighted Hedonic Pricing Model," FCN Working Papers 3/2012, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Mar 2013.
    11. Christophe Bontemps & Céline Nauges, 2016. "The Impact of Perceptions in Averting-decision Models: An Application of the Special Regressor Method to Drinking Water Choices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(1), pages 297-313.
    12. Richard T. Carson & Miko_aj Czajkowski, 2014. "The discrete choice experiment approach to environmental contingent valuation," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 9, pages 202-235, Edward Elgar Publishing.
    13. John, Kun H. & Youn, Yeo C. & Shin, Joon H., 2003. "Resolving conflicting ecological and economic interests in the Korean DMZ: a valuation based approach," Ecological Economics, Elsevier, vol. 46(1), pages 173-179, August.
    14. Diane P. Dupont & W.L. Adamowicz & Alan Krupnick, 2009. "Differences in Water Consumption Choices in Canada: the Role of Socio-demographics, Experiences, and Perceptions of Health Risks," Working Papers 0906, Brock University, Department of Economics.
    15. Young, Ralph, 1991. "The Economic Significance of Environmental Resources: A Review of the Evidence," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(03), pages 1-26, December.
    16. repec:dav:journl:y:2016:v:7:i:11:p:1272-1289 is not listed on IDEAS
    17. Olivier Beaumais & Anne Briand & Katrin Millock & Céline Nauges, 2010. "What are Households Willing to Pay for Better Tap Water Quality? A Cross-Country Valuation Study," Documents de travail du Centre d'Economie de la Sorbonne 10051, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    18. Tenwalde, Tracy & Jones, Eugene & Hitzhusen, Frederick J., 2005. "An Economic Analysis of Consumer Expenditures for Safe Drinking Water: Addressing Nitrogen Risk with an Averting Cost Approach," 2005 Annual meeting, July 24-27, Providence, RI 19431, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Ndebele, Tom & Forgie, Vicky, 2017. "Estimating the economic benefits of a wetland restoration programme in New Zealand: A contingent valuation approach," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 75-89.
    20. Jellicoe, Michaela & Delgado, Michael S., 2015. "Quantifying the Effects of Underground Natural Gas Storage on Nearby Residents," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 44(2), pages 1-24, August.
    21. Chiara Ravetti & Yana Popp Jin & Mu Quan & Zhang Shiqiu & Timothy Swanson, 2014. "Air pollution in Urban Beijing: The role of Government-controlled information," CIES Research Paper series 27-2014, Centre for International Environmental Studies, The Graduate Institute.

    More about this item

    Keywords

    contaminated sites; contamination; land cleanup; land reuse; leaking underground storage tanks; LUST; qualitative benefits;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:nev:wpaper:wp201405. 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: Cynthia Morgan (email available below). General contact details of provider: https://edirc.repec.org/data/nepgvus.html .

    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.