nep-env New Economics Papers
on Environmental Economics
Issue of 2006‒08‒26
three papers chosen by
Francisco S.Ramos
Federal University of Pernambuco

  1. Environmental Contamination and House Values: A Study of Market Adjustment By Katherine Kiel
  2. Water Quality Modeling for the Raccoon River Watershed Using SWAT By Manoj Jha; Jeff G. Arnold; Philip W. Gassman
  3. What Can We Expect From the New Trade of C02-Allowances? By Günter Franke

  1. By: Katherine Kiel (Department of Economics, College of the Holy Cross)
    Abstract: In many communities throughout the United States, contaminated sites are identified and addressed by the Environmental Protection Agency (EPA). In each of these communities, the EPA presents a plan of action and provides the community with information about progress being made. Does the housing market adjust quickly after announcements by EPA concerning the existence and toxicity of Superfund sites? Other studies have shown that the levels of house prices fall when people suspect there is a problem, and again when the EPA announces that the site is toxic (e.g. Kiel, 1995), but how can we tell when or if the market has completely adjusted to the existence of such a site? If the site is always perceived as an externality, then the coefficient on distance from the house to the site in the hedonic regression on house values should remain statistically significant and negative. Thus merely looking at the coefficient does not aid in determining when, or if, the market has cleared.
    Keywords: hedonic models, environmental prices, housing, adjustment process
    JEL: Q51 Q53 R2
    Date: 2006–08
    URL: http://d.repec.org/n?u=RePEc:hcx:wpaper:0607&r=env
  2. By: Manoj Jha (Center for Agricultural and Rural Development (CARD)); Jeff G. Arnold; Philip W. Gassman (Center for Agricultural and Rural Development (CARD))
    Abstract: The Raccoon River Watershed (RRW) in West-Central Iowa has been recognized as exporting some of the highest nitrate-nitrogen loadings in the United States and is a major source of sediment and other nutrient loadings. An integrated modeling framework has been constructed for the RRW that consists of the Soil and Water Assessment Tool (SWAT) model, the interactive SWAT (i_SWAT) software package, Load Estimator (LOADEST) computer program, and other supporting software and databases. The simulation framework includes detailed land use and management data such as different crop rotations and an array of nutrient and tillage management schemes, derived from the U.S. Department of Agriculture's National Resources Inventory databases and other sources. This paper presents the calibration and validation of SWAT for the streamflow, sediment losses, and nutrient loadings in the watershed and an assessment of land use and management practice shifts in controlling pollution. Streamflow, sediment yield, and nitrate loadings were calibrated for the 1981-1992 period and validated for the 1993-2003 period. Limited field data on organic nitrogen, organic phosphorus, and mineral phosphorus allowed model validation for the 2001-2003 period. Model predictions generally performed very well on both an annual and monthly basis during the calibration and validation periods, as indicated by coefficient of determination (R2) and Nash-Sutcliffe simulation efficiency (E) values that exceeded 0.7 in most cases. A set of land use change scenarios based on taking cropland out of production indicated a significant benefit in reducing sediment yield at the watershed outlet. A second scenario set found that relatively small reductions in nutrient applications resulted in significant reductions in nitrate loadings at the watershed outlet, without affecting crop yields significantly.
    Keywords: calibration, management practices, Raccoon River Watershed, SWAT.
    Date: 2006–08
    URL: http://d.repec.org/n?u=RePEc:ias:cpaper:06-wp428&r=env
  3. By: Günter Franke
    URL: http://d.repec.org/n?u=RePEc:knz:cofedp:0511&r=env

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