The impacts of underground petroleum releases on a homeowner's decision to sell: A difference-in-differences approach

B-Tier
Journal: Regional Science and Urban Economics
Year: 2018
Volume: 69
Issue: C
Pages: 11-24

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Actual and perceived damages from environmental disamenities can disrupt a utility maximizing household's otherwise optimal decision of when to sell their home. This study examines this relatively under-investigated topic with an empirical application to petroleum releases from leaking underground storage tanks, like those commonly found at gas stations. The ubiquity and relative homogeneity of this disamenity facilitates a difference-in-differences methodology. The results reveal that the timing of home sales is impacted by leak and cleanup events at these disamenities; leading to both selling sooner and delaying a sale, depending on the event, presence of the primary exposure pathway, and the quality of the home. The implications of these results are discussed.

Technical Details

RePEc Handle
repec:eee:regeco:v:69:y:2018:i:c:p:11-24
Journal Field
Urban
Author Count
2
Added to Database
2026-01-25