Abstract
This study extends the use of panel data to analyze the damage associated with proximity to a hazardous waste site. Panel data can control for property specific factors which affect sale values, allowing the analysis to focus upon both the spatial and intertemporal factors associated with pollution. We contrast alternative econometric approaches which are applicable to panel data sets and discuss an important application which has led to sizeable natural resource damages actually being paid.
Original language | English (US) |
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Pages (from-to) | 259-271 |
Number of pages | 13 |
Journal | Journal of Environmental Economics and Management |
Volume | 22 |
Issue number | 3 |
DOIs | |
State | Published - May 1992 |
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law