Lead Pipes, Prescriptive Policy and Property Values

Theising Adam

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Lead Pipes, Prescriptive Policy and Property Values

机译：引导管道，规定的政策和财产价值

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Several recent incidences of severe waterborne lead exposure have public authorities and communities across the US rethinking their strategies to address aging water infrastructure. One common question: who should pay for updates? This paper provides evidence of positive property value capitalization effects following remediation of private lead service lines in Madison, WI. Using a 16-year panel of property transactions data and a universal and prescriptive policy change, I identify an average post-replacement price effect on the order of 3-4% of a property's value. This implies a more than 75% average return on public and private remediation costs, suggesting homeowners strongly value the benefits of lead reduction in publicly supplied drinking water.

机译：最近最近的严重水性铅曝光发病率有来自美国的公共当局和社区，重新思考他们解决老化水基础设施的战略。一个常见问题：谁应该支付更新？本文根据麦迪逊，WI私人领导服务线修复后，提供了积极财产价值资本化效应的证据。使用16年的房产交易数据和普遍和规定的政策变更，我确定了一个平均优惠价格效果，大约为房产价值的3-4％。这意味着超过75％的公共和私人补救成本回报，建议房主强烈重视公共供应饮用水的铅减少的益处。

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来源
《Environmental & Resource Economics》 |2019年第3期|1355-1382|共28页
作者
Theising Adam;
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作者单位

Univ Wisconsin Dept Agr & Appl Econ 427 Lorch Ct Madison WI 53706 USA;

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原文格式 PDF
正文语种 eng
中图分类
关键词
Lead pollution; Water quality; Hedonic valuation; Diff-in-diff; Property value;

机译：铅污染;水质;储层估值;差异;财产价值;

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Lead Pipes, Prescriptive Policy and Property Values

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