Private Values of Risk Tradeoffs at Superfund Sites: Housing Market Evidence on Learning about Risk

By Ted Gayer, J. Hamilton, W. Kip Viscusi. Review of Economics and Statistics, 2000

291 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/bb5f60f66145420b61b9c008a105fc18913d8dc5

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Sociology and Political Science

Citations in the corpus

Do Repeated Wildfires Change Homebuyers’ Demand for Homes in High-Risk Areas? A Hedonic Analysis of the Short and Long-Term Effects of Repeated Wildfires on House Prices in Southern California (2009, background): “Gayer, Hamilton, and Viscusi (2000) use quarter mile distance cutoffs ranging from 0.25 to 1 mile in a hedonic study on Superfund sites.”
Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market (2008, unknown): “break the correlation between pollution and emitter effects. Gayer, Hamilton, and Viscusi (2000)”
Quasi-Experiments and Hedonic Property Value Methods (2009, unknown): “DDE(time) = E[P0it1 − P0it0|X = x, Si = 1]− E[P0it1 − P0it0|X = x, Si = 0] (23)”
The Impact of Superfund Sites on Local Property Values: Are All Sites the Same? (2007, background): “More recently, a paper by Gayer, Hamilton and Viscusi [9] considers a model where distance from the site captures ‘visual disamenities’ since risk due to the site is controlled for as well.”
Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study (2006, background): “Under restrictive assumptions, the VSL can also be inferred from property pricing studies (e.g., Portney 1981; Gayer et al. 2000 ).”
Estimation of Perceived Risk and Its Effect on Property Values (2000, background): “Gayer, Hamilton, and Viscusi (2000) start with an objective cancer risk measure and use a Bayesian learning framework to update risk.”
The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World (2003, unknown): “Gayer, Hamilton, and Viscusi (2000) evaluate the tradeoff between housing prices and cancer risk associated with hazardous waste sites.”
Do Seller Disclosures Affect Property Values? Buyer Information and the Hedonic Model (2008, unknown): “…the value of air quality (Ridker and Henning 1967; Smith and Huang 1995), perceived health risks from hazardous waste sites (Kiel and McClain 1995; Gayer, Hamilton, and Viscusi 2000), and the value of open space (Geoghegan, Wainger, and Bockstael 1997).1 It has also been used to inform the public…”
The value of a statistical life (2009, unknown): “29The pattern of overassessment of small risks and underassessment of large risks may follow the prediction that individuals update their risk perceptions in a Bayesian fashion (Smith and Johnson, 1988; Viscusi, 1989; Dickie and Gerking, 1996; Hakes and Viscusi, 1997; Gayer et al., 2000).”