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| Content Provider | Springer Nature Link |
|---|---|
| Author | Kim, Jungik Goldsmith, Peter |
| Copyright Year | 2008 |
| Abstract | A spatial hedonic model is developed to assess monetary harm of confined animal feeding operations (CAFOs) on property values, taking explicitly into account spatial dependence in property values. Spatial autocorrelation was found in the form of spatial lag dependence, not spatial error dependence. When spatial lag dependence is explicitly taken into account, on average the impact coefficient estimate of a CAFO is reduced by 18%. For example, the impact on the value of the median house ($63,520) 1 mile from a swine facility with 10,000 head fell from − $6,800 to − $5,200, or 23.5%. The magnitude of the spatial autoregressive parameter was about 0.2 for the 1-mile distance band, meaning one-fifth of the house value could be explained by the values of the neighboring houses. |
| Starting Page | 509 |
| Ending Page | 534 |
| Page Count | 26 |
| File Format | |
| ISSN | 09246460 |
| Journal | Environmental and Resource Economics |
| Volume Number | 42 |
| Issue Number | 4 |
| e-ISSN | 15731502 |
| Language | English |
| Publisher | Springer Netherlands |
| Publisher Date | 2008-07-16 |
| Publisher Place | Dordrecht |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Spatial hedonics Spatial autocorrelation Housing values Hog farms Pigs Odor Confined animal feeding operations CAFO Environmental Management Economics/Management Science Economic Policy Environmental Economics Environmental Law/Policy/Ecojustice |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics Management, Monitoring, Policy and Law |
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