The toxics release inventory: public awareness or common ignorance?
by Malcolm O. Asadoorian
Interdisciplinary Environmental Review (IER), Vol. 3, No. 1, 2001

Abstract: This paper investigates public awareness of Toxics Release Inventory (TRI) sites by empirically testing the sensitivity of housing prices to existing sites using a series of hedonic property value models. Results are three-fold: 1) housing values are sensitive to nearby TRI sites, implying citizens are aware and concerned about TRI sites nearest to their homes; 2) they are able to differentiate between degrees of severity of the sites in so far as the level of a ''second-order'' report; 3) the marginal impact of increased distance on expected housing values is estimated to be between $979 and $5,079 per mile.

Online publication date: Mon, 13-May-2013

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