Environmental externalities and residential property values: Externalized costs along the house price distribution

Todd H. Kuethe, Roman Keeney

Research output: Contribution to journalArticlepeer-review

Abstract

This study examines the impacts of animal agricultural facilities on the value of residential housing. Through a quantile regression framework we are able to show that the estimated price impacts are not uniform across the distribution of housing prices, and a statistically significant relationship exists only for houses at or above median price levels. These estimated price impacts also increase as the percentile increases. For comparison, the model also includes the proximity to three other waste facility types: industrial, solid, and septic. Our dataset features 14,785 single-family residential transactions in Tippecanoe County, Indiana, over the period 1993-2006.

Original languageEnglish (US)
Pages (from-to)241-250
Number of pages10
JournalLand Economics
Volume88
Issue number2
DOIs
StatePublished - May 1 2012

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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