Type of Thesis
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This paper will explore how carcinogenic and noxious pollutants emitted from Toxic Release Sites (TRI) effect housing prices in an urban area of Colorado. This is possible in an empirical model that considers the influence of commercial and industrial properties. My approach addresses an important source of omitted variable bias like issues of sorting and agglomeration by disaggregating pollutant types and sites. I will also compare estimates using a hedonic and repeat sales model. Since I am using the repeat sales model, this can control for bias due to sorting. Results indicate that pollutant coefficients in the repeat sales model are higher than the hedonic coefficients. Overall, the effect of an additional TRI Sites on housing prices within a 1.5 km radius is a 6.3% decrease, an additional noxious pollutant has a 9% decrease, an additional carcinogenic pollutant contributes a 5% decrease, an additional industrial site has a 3% decrease on housing prices.
Leroy, Ahnika, "The Impact of Noxious and Carcinogenic Pollutants in Adams County Colorado" (2018). Undergraduate Honors Theses. 1555.