{"id":688,"date":"2020-04-28T04:42:27","date_gmt":"2020-04-27T20:42:27","guid":{"rendered":"http:\/\/localhost:8888\/?p=688"},"modified":"2025-12-28T04:57:08","modified_gmt":"2025-12-27T20:57:08","slug":"the-adverse-impact-of-particulate-matter-on-property-values","status":"publish","type":"post","link":"https:\/\/www.gssinst.org\/irer\/2020\/04\/28\/the-adverse-impact-of-particulate-matter-on-property-values\/","title":{"rendered":"The Adverse Impact of Particulate Matter on Property Values"},"content":{"rendered":"\t\t
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Article<\/div>

The Adverse Impact of Particulate Matter on Property Values<\/p>

Author<\/p>

Start Page \/ End Page<\/p>

Volume<\/p>

Issue Number<\/p>

Year<\/p>

Publication<\/p><\/div>

<\/p>

Mark P. Berkman, Kyle J. Hubbard, Timothy H. Savage<\/p>

215 \/ 230<\/p>

15<\/p>

2<\/p>

2012<\/p>

International Real Estate Review<\/p><\/div>

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Abstract<\/p>


Recent litigation with regards to property damage associated with carbon black emissions provides an opportunity to measure the impact of particulate matter (PM), a Clean Air Act pollutant. By using property-specific PM concentrations, we estimate the impact of PM on residential property values, which accounts for relevant characteristics and multiple pollution sources. This study simultaneously incorporates all important econometric modeling features cited in the prior literature. We find that a 10-percent increase in PM concentration results in a statistically-significant 1.1-percent decrease in value. In 2007 dollars, a one-standard deviation increase in PM concentration results in a statistically-significant reduction of approximately $4,800.<\/p>

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View PDF -https:\/\/doi.org\/10.53383\/100155<\/strong><\/a><\/p>

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Keywords<\/p>

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Hedonic; Property value; Particulates; Spatial analysis<\/p>

Back to Previous Page<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

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Author<\/p>\n

Start Page \/ End Page<\/p>\n

Volume<\/p>\n

Issue Number<\/p>\n

Year<\/p>\n

Publication<\/p>\n<\/div>\n

\n<\/p>\n

Mark P. Berkman, Kyle J. Hubbard, Timothy H. Savage<\/p>\n

215 \/ 230<\/p>\n

15<\/p>\n

2<\/p>\n

2012<\/p>\n

International Real Estate Review<\/p>\n<\/div>\n

Keywords<\/p>\n

Hedonic; Property value; Particulates; Spatial analysis<\/p>\n

Download Entire Article.\"download-pdf-large\" <\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"article-template.php","format":"standard","meta":[],"categories":[99,98],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/688"}],"collection":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/comments?post=688"}],"version-history":[{"count":4,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/688\/revisions"}],"predecessor-version":[{"id":4946,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/posts\/688\/revisions\/4946"}],"wp:attachment":[{"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/media?parent=688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/categories?post=688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gssinst.org\/irer\/wp-json\/wp\/v2\/tags?post=688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}