Filters: Tags: institutional (X) > partyWithName: Benson, E.D. (X)
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This study uses a hedonic price model to estimate the effect of proximity to a ma jor fuel pipeline on housing prices, both before and after a high-profile accident. Using data for Belling ham, Washington, the site of a 1999 rupture and explosion, we find no significant effect of proximity to the pipeline prior to the accident. Following the accident, we find a substantial price effect; however, the effect decays rapidly with distance from the pipe line and also diminishes over time. Results suggest that for this type of environmental hazard, an ad verse event leads to an increase in perceived risk.
Categories: Publication;
Types: Citation;
Tags: County,
Environmental,
Environmental hazard,
San Luis Obispo,
betrayal,
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