Estimation of the Relationship Between Lakeside Property Values and a Stripmine Environmental Impact
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2329
This paper applies a hedonic price model to estimate the price effects of a stripmine-impacted lake on value of cottage properties adjacent to the lake. A data set of 103 homes was used. The results show that proximity to the impact is negatively related to house value.