Local Willingness-to-Pay Estimates for the Remediation of the Sydney Tar Ponds in Nova Scotia
Bibliographic Data
| ID | 11969461 |
|---|---|
| Authors | Ida Ferrara (0000-0003-3938-5959, Department of EconomicsAtkinson Faculty of Liberal and Professional StudiesYork UniversityToronto, Ontario, corresponding author), Stephen McComb (Chicago Climate ExchangeChicago, Illinois), Paul Missios (0000-0003-3093-849X, Department of EconomicsRyerson UniversityToronto, Ontario) |
| Year | 2007 |
| Volume | 33 |
| Issue | 4 |
| Pages | 441-458 |
| Publication date | 2007-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | University of Toronto Press Inc. (UTPress) (PUBLISHER) |
| DOI | 10.3138/cpp.33.4.441 |
| OpenAlex | W2013919177 |
| Language | EN |
| References cited | 35 |
The Sydney Tar Ponds and Coke Ovens site in Nova Scotia, Canada, is among the most toxic hazardous waste sites in North America. This study presents hedonic estimates of the willingness-to-pay for remediation of the site using housing sales data from urban Sydney. Negative impacts are estimated with a maximum likelihood spatial autoregressive model of property values. Premiums on homes farther from the site are found to be substantial, and, when aggregated into a community willingness-to-pay measure ($169.2 million), cover a large proportion of the estimated remediation costs
Archaeology · Contamination · Econometrics · Economics · Environmental remediation · Geography · Hazardous waste · Hedonic Pricing · Nova scotia · Property value · Residential property · tar (computing · Waste management · Willingness to pay · Economic and Environmental Valuation · Engineering · Environmental Science · Housing Market and Economics · Spatial and Panel Data Analysis · Ecology
Spatial Econometrics
Hedonic housing prices and the demand for clean air
Valuing Urban Wetlands
Simple diagnostic tests for spatial dependence
Demand for environmental quality
Analysis of Spatial Autocorrelation in House Prices
Properties of Tests for Spatial Dependence in Linear Regression Models
Evidence of the Effects of Water Quality on Residential Land Prices
Estimation of Regression Coefficients in the Presence of Spatially Autocorrelated Error Terms
On the Choice of Funtional Form for Hedonic Price Functions
The Value of Avoiding a Lulu
Private Values of Risk Tradeoffs at Superfund Sites
Applying the Generalized-Moments Estimation Approach to Spatial Problems Involving Micro-Level Data
Remote tourism and forest management
Undesirable facilities and property values
The impact of toxic waste sites on housing values
Valuing localized externalities
Hedonic Prices and Implicit Markets
A New Approach to Consumer Theory
The Measurement of Neighborhood Dynamics in Urban House Prices
| Highly cited | No |
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