Measuring hazardous waste damages with panel models
用面板数据来分析靠近危险废弃物场地对房产价值造成的损害,对比了不同计量方法,并讨论了实际获得大额自然资源损害赔偿的应用案例。
This study extends the use of panel data to analyze the damage associated with proximity to a hazardous waste site. Panel data can control for property specific factors which affect sale values, allowing the analysis to focus upon both the spatial and intertemporal factors associated with pollution. We contrast alternative econometric approaches which are applicable to panel data sets and discuss an important application which has led to sizeable natural resource damages actually being paid.