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Full-Text Articles in Social and Behavioral Sciences
(Wp 2010-02) The Demand For Historic Preservation, John I. Carruthers, David E. Clark, Michael Tealdi
(Wp 2010-02) The Demand For Historic Preservation, John I. Carruthers, David E. Clark, Michael Tealdi
Economics Working Papers
Historic preservation is commonly used to protect old buildings and neighborhoods from deterioration. In 1981, the City of Milwaukee established a historic preservation commission to develop and maintain a local register of places with historical importance to the area. The commission also reviews all applications for historic status as well as any requests for exterior alterations. As such, there are numerous rules and restrictions that are imposed on property owners once it has been declared a historic site. Thus, while historic designation can serve to internalize the externalities in neighborhoods with historic buildings, it also imposes costs on homeowners who …
(Wp 2010-11) The Benefits Of Environmental Improvement: Estimates From Space-Time Analysis, John I. Carruthers, David Clark, Robert N. Renner
(Wp 2010-11) The Benefits Of Environmental Improvement: Estimates From Space-Time Analysis, John I. Carruthers, David Clark, Robert N. Renner
Economics Working Papers
This paper develops estimates of environmental improvement based on a two-stage hedonic price analysis of the single family housing market in the Puget Sound region of Washington State. The analysis — which focuses specifically on several EPA-designated environmental hazards and involves 226,918 transactions for 177,303 unique properties that took place between January 2001 and September 2009 — involves four steps: (i) ten hedonic price functions are estimated year-by-year, one for each year of the 2000s; (ii) the hedonic estimates are used to compute the marginal implicit price of distance from air release, superfund, and toxic release sites; (iii) the marginal …