The Housing Market Impacts of Shale Gas Development
利用宾夕法尼亚州数据,研究页岩气开发对附近房产价值的影响,发现依赖地下水的房屋价值显著下降,而依赖管道供水的房屋因租赁收益有小幅上升。
Using data from Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from nearby shale gas development that vary with water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. Results have implications for the debate over regulation of shale gas development.