000236589 001__ 236589
000236589 005__ 20180123004432.0
000236589 037__ $$a333-2016-14272
000236589 041__ $$aen_US
000236589 245__ $$aEstimating the Capitalization Effects of Harmful Algal Bloom Incidence, Intensity and Duration? A Repeated Sales Model of Lake Erie Lakefront Property Values
000236589 260__ $$c2016-06-03
000236589 269__ $$a2016-06-03
000236589 270__ $$mbaron.76@osu.edu$$pBaron,   Aneil
000236589 270__ $$mwdzhang@iastate.edu$$pZhang,   Wendong
000236589 270__ $$mirwin.78@osu.edu$$pIrwin,   Elena
000236589 300__ $$a37
000236589 336__ $$aConference Paper/ Presentation
000236589 520__ $$aThe goal of this paper is to observe whether and how harmful algal blooms are capitalized in home prices in several Ohio counties along Lake Erie. Harmful algal blooms have increased in severity and frequency, reducing the amenity value of the lake, posing health risks, and even threatening the drinking water supply. To address the problems of omitted variable bias due to unobserved emitter sites, we employ a repeat sales model. We find that a reduction of 1μg/L of chlorophyll-a yields a 2% increase in home prices, though the effect decays rapidly by distance. Secchi disk depth, while previous found to be significant in the literature, is statistically insignificant when utilizing repeat sales, and we find noticeable evidence of omitted variable bias when we do not control for emitter effects.
000236589 542__ $$fLicense granted by Aneil Baron (baron.76@osu.edu) on 2016-06-03T17:29:27Z (GMT):

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000236589 650__ $$aEnvironmental Economics and Policy
000236589 650__ $$aResearch Methods/ Statistical Methods
000236589 6531_ $$aLake Erie
000236589 6531_ $$aHarmful Algal Bloom
000236589 6531_ $$aHedonic
000236589 6531_ $$aRepeat Sales
000236589 6531_ $$aEmitter Effect
000236589 700__ $$aBaron, Aneil
000236589 700__ $$aZhang, Wendong
000236589 700__ $$aIrwin, Elena
000236589 773__ $$d2016
000236589 8564_ $$s3470584$$uhttp://ageconsearch.umn.edu/record/236589/files/Algae%20Lake%20Erie_AAEA.pdf
000236589 887__ $$ahttp://purl.umn.edu/236589
000236589 909CO $$ooai:ageconsearch.tind.io:236589$$pGLOBAL_SET
000236589 912__ $$nSubmitted by Aneil Baron (baron.76@osu.edu) on 2016-06-03T17:34:19Z
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  Previous issue date: 2016-06-03
000236589 982__ $$gAgricultural and Applied Economics Association>2016 Annual Meeting, July 31-August 2, Boston, Massachusetts
000236589 980__ $$a333