Corpus ID: 169782548

The Influence of Leaking Underground Storage Tanks on Nearby House Values

@inproceedings{Isakson2018TheIO,
  title={The Influence of Leaking Underground Storage Tanks on Nearby House Values},
  author={Hans R. Isakson and M. Ecker},
  year={2018}
}
  • Hans R. Isakson, M. Ecker
  • Published 2018
  • Environmental Science
  • Some households are willing to pay a premium to live farther away from a disamenity, such as a neighborhood gas station with a leaking underground storage tank (LUST). In this study, submarkets are constructed to allow for this premium to be a function of both the distance to the nearest LUST and the intensity of multiple LUSTs. We find evidence that households within ¼ mile of multiple LUSTs do not have a statistically significant aversion to living near them. However, households more than a… CONTINUE READING