Title: The toxics release inventory: public awareness or common ignorance?
Authors: Malcolm O. Asadoorian
Addresses: Anna Maria College, Division of Law, Business, and Public Policy, USA
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.
Keywords: public awareness; Toxics Release Inventory; TRI; house prices; hedonic property value models; housing values; environmental pollution.
Interdisciplinary Environmental Review, 2001 Vol.3 No.1, pp.113 - 133
Published online: 13 May 2013 *
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