| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15017 |
| 来源ID | Working Paper 15017 |
| Environmental Liability and Redevelopment of Old Industrial Land | |
| Hilary Sigman | |
| 发表日期 | 2009-05-28 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Many communities are concerned about the reuse of potentially contaminated land ("brownfields") and believe that environmental liability is a hindrance to redevelopment. However, with land price adjustments, liability might not impede the reuse of this land. Existing literature has found price reductions in response to liability, but few studies have looked for an effect on vacancies. This paper studies variations in state liability rules -- specifically, strict liability and joint and several liability -- that affect the level and distribution of expected private cleanup costs. It explores the effects of this variation on industrial land prices and vacancy rates and on reported brownfields in a panel of cities across the United States. In the estimated equations, joint and several liability reduces land prices and increases vacancy rates in central cities. Neither a price nor quantity effect is estimated from strict liability. The results suggest that liability is at least partly capitalized, but does still deter redevelopment. |
| 主题 | Other ; Law and Economics ; Environmental and Resource Economics ; Environment ; Regional and Urban Economics ; Regional Economics |
| URL | https://www.nber.org/papers/w15017 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572693 |
| 推荐引用方式 GB/T 7714 | Hilary Sigman. Environmental Liability and Redevelopment of Old Industrial Land. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15017.pdf（177KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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