Data/hora: 16/06/2024 08:35:04

Provedor de dados: | 31
País: | United States
Título: | Something in the Water? Testing for Groundwater Quality Information in the Housing Market
Autores: | McLaughlin,   Patrick A.
Data: | 2011-10-27
Ano: | 2011
Palavras-chave: | Disclosure law; Environmental disamenity; Groundwater; Groundwater contamination; Hedonic model; Incomplete information; Water quality; Real estate; Consumer/Household Economics; Resource /Energy Economics and Policy.
Resumo: | I test the level of information regarding possible groundwater contamination in the residential real estate market in Washington County, Minnesota. An approximately seven square-mile trichloroethylene plume has affected hundreds of households’ water supplies since at least 1988 in the region. I find that homeowners were initially well-informed by market forces, but were later somewhat misinformed by government actions regarding the potential of water contamination from the plume. A disclosure law passed in 2003 may have added new, low-cost, and imperfect information to the market that could explain the change in informational awareness.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/117207
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 36, Number 2, August 2011
Formato: | 20