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Journal of Agricultural and Resource Economics >
Volume 36, Number 2, August 2011 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/117207
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| Title: | Something in the Water? Testing for Groundwater Quality Information in the Housing Market |
| Authors: | McLaughlin, Patrick A. |
| Keywords: | disclosure law
environmental disamenity
groundwater
groundwater contamination
hedonic model
incomplete information
water quality
real estate |
| Issue Date: | 2011-08 |
| Abstract: | 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. |
| URI: | http://purl.umn.edu/117207 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 36, Number 2, August 2011 |
| Total Pages: | 20 |
| From Page: | 375 |
| To Page: | 394 |
| Collections: | Volume 36, Number 2, August 2011
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Files in This Item:
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| JARE,Aug2011,#10,pp375-394,McLaughlin.pdf | | 708Kb | PDF | View/Open |
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