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Provedor de dados:  AgEcon
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>Volume 36, Number 2, August 2011
Formato:  20
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