Clean-ups may not be worth the cost, finds MIT study

摘要

In a paper 'Does hazardous waste matter? Evidence from the housing market and the Superfund program,' published in the August issue of the Quarterly Journal of Economics, Michael Greenstone, the 3M Professor of Environmental Economics at MIT and a colleague, Justin Gallagher, compared housing markets surrounding hazardous waste sites chosen for Superfund clean-ups to those surrounding sites that narrowlyrnmissed qualifying for Superfund remediation.