English, Article edition: BENEFITS OF HAZARDOUS WASTE CLEANUP: NEW EVIDENCE FROM SURVEY- AND MARKET-BASED PROPERTY VALUE APPROACHES SUDIP CHATTOPADHYAY; JOHN B. BRADEN; ARIANTO PATUNRU

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Bookmark: http://trove.nla.gov.au/version/185656
Physical Description
  • article
Language
  • English

Edition details

Title
  • BENEFITS OF HAZARDOUS WASTE CLEANUP: NEW EVIDENCE FROM SURVEY- AND MARKET-BASED PROPERTY VALUE APPROACHES
Author
  • SUDIP CHATTOPADHYAY
  • JOHN B. BRADEN
  • ARIANTO PATUNRU
Physical Description
  • article
Notes
  • This article compares the discrete choice random utility model and the hedonic property value model in estimating the benefits of cleaning up Waukegan Harbor, a Superfund site on the Great Lakes. The study uses survey-based conjoint choice data on housing preferences and market data on housing transactions. The research finds that the benefit estimates for different levels of cleanup are quite comparable between the models. The estimates compare very well with those of some previous studies. The results of the study suggest that tax increment financing by the local government is a feasible option to fund cleanup. Copyright 2005 Western Economic Association International.
  • RePEc:bla:coecpo:v:23:y:2005:i:3:p:357-375
Language
  • English
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