Articlegreen2015

The Housing Market Impacts of Shale Gas Development

Lucija A. Muehlenbachs · Elisheba Spiller · Christopher D. Timmins

387 citations0/0 files storedAmerican Economic Review

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Housing Market and Economics Property Rights and Legal Doctrine Atmospheric and Environmental Gas Dynamics

Abstract

Using data from Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from nearby shale gas development that vary with water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. Results have implications for the debate over regulation of shale gas development. (JEL L71, Q35, Q53, R31)

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References

1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 1978Hedonic housing prices and the demand for clean air 1999Do Better Schools Matter? Parental Valuation of Elementary Education 1967The Determinants of Residential Property Values with Special Reference to Air Pollution 1987Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products 1995Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models 1998Does Air Quality Matter? Evidence from the Housing Market 2000Evidence of the Effects of Water Quality on Residential Land Prices

Cited by

2017Spatial-difference-in-differences models for impact of new mass rapid transit line on private housing values 2020Best Practices for Using Hedonic Property Value Models to Measure Willingness to Pay for Environmental Quality 2019The Local Economic and Welfare Consequences of Hydraulic Fracturing 2023Climate Change, Directed Innovation, and Energy Transition: The Long-run Consequences of the Shale Gas Revolution 2019Drilling Like There’s No Tomorrow: Bankruptcy, Insurance, and Environmental Risk

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