Discrete and continuous-choice valuation of a hazardous-waste site's removal
Thesis/Dissertation
·
OSTI ID:5908256
This study developed a methodology for valuing complete removal of a hazardous waste site or similar disamenity using location decisions in a metropolitan housing market. The objects were to integrate a description of household decisions in a model acknowledging existence of different market segments; to implement this mix in a case study; to evaluate the model as a depiction of the housing market; and to investigate the sensitivity of benefit measures to alternative assumptions about the housing-market equilibrium. The basis for benefit estimates is a model describing how consumers choose where to live and how hazardous-waste sites affect those decisions. The model combines discrete choice and hedonic approaches. The motivation is that each consumer is judged to perceive a discrete set of location alternatives, within which the optimal house is chosen. The alternatives are considered market segments, each having its own hedonic price function. Each segment conveys a fixed package of attributes, such as public services or the presence of hazardous waste sites. In choosing a segment the consumer chooses one such fixed package.
- Research Organization:
- Vanderbilt Univ., Nashville, TN (USA)
- OSTI ID:
- 5908256
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
510200* -- Environment
Terrestrial-- Chemicals Monitoring & Transport-- (-1989)
54 ENVIRONMENTAL SCIENCES
ABANDONED SITES
BUILDINGS
DECISION MAKING
HAZARDOUS MATERIALS
HOUSES
MANAGEMENT
MARKET
MATERIALS
MATHEMATICAL MODELS
REMEDIAL ACTION
RESIDENTIAL BUILDINGS
WASTE DISPOSAL
WASTE MANAGEMENT
290200 -- Energy Planning & Policy-- Economics & Sociology
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
510200* -- Environment
Terrestrial-- Chemicals Monitoring & Transport-- (-1989)
54 ENVIRONMENTAL SCIENCES
ABANDONED SITES
BUILDINGS
DECISION MAKING
HAZARDOUS MATERIALS
HOUSES
MANAGEMENT
MARKET
MATERIALS
MATHEMATICAL MODELS
REMEDIAL ACTION
RESIDENTIAL BUILDINGS
WASTE DISPOSAL
WASTE MANAGEMENT