Arianto A. Patunru

Who Cares about Environmental Stigmas and Does It Matter? A Latent Segmentation Analysis of Stated Preferences for Real Estate

This article uses latent segmentation analysis to estimate the benefits of contaminant cleanup in Waukegan Harbor, Illinois. Survey responses to attitudinal and perception questions provide significant information about the existence of distinct preference groups. By comparison, the predictive usefulness of demographic covariates is unclear. The expected aggregate willingness-to-pay of Waukegan homeowners for full cleanup is approximately equivalent to a 20% increase in the market value of homes. The aggregate estimate is little affected by the identification of preference clusters.

Contaminant Cleanup in the Waukegan Harbor Area of Concern: Homeowner Attitudes and Economic Benefits

Abstract This study assesses community attitudes toward the Waukegan Harbor AOC and applies two different methods of estimating the value to the local community of cleaning-up the area. Both techniques draw inference from residential property choices about the benefits accruing to homeowners. The modal responses to questions about the harbors significance were neutral—no opinion. The non-neutral responses were roughly evenly split on whether the harbor enhances the quality of life, positive on balance about the harbors economic importance and likelihood of redevelopment in the near-term, and negative on balance toward the harbors environmental safety and attractiveness. As an influence on respondents housing choices, the quality of the harbor environment was more important to residents of the City of Waukegan than to those living elsewhere in Lake County. The two valuation methods converge remarkably in their results, indicating homeowners’ willingness to pay, for full harbor cleanup, approximately

Economic benefits of remediating the Buffalo River, New York area of concern

400 million in Waukegan and

Economic Benefits of Remediating the Sheboygan River, Wisconsin Area of Concern

7 billion to

A Tale of Two Cities: The Political Economy of Local Investment Climates in Indonesia

12 billion elsewhere in Lake County. The estimates are equivalent to between 16 and 19 percent of the total value of Waukegans owner-occupied housing stock and between 15 and 26 percent of home values elsewhere in the County.

LANGUAGE-RELATED DIFFERENCES IN ENVIRONMENTAL BENEFITS ESTIMATION: EVIDENCE FROM A MAIL SURVEY

Abstract This study estimates the economic benefits of remediation in the Buffalo River, NY Area of Concern (AOC) using two distinct empirical methods. One method analyzes the effects of proximity to the AOC on prices in the residential property market. The second uses a choice survey of recent home purchasers concerning the characteristics of homes and the river. After controlling for numerous structural, community, and spatial effects, the market analysis shows that single-family residential property prices south of the river are depressed due to their proximity to the AOC by

Benefits of Hazardous Waste Cleanup: New Evidence from Survey- and Market-Based Property Value Approaches

118 million (5.4% of total market value). The impacts are greater for properties closer to the AOC. Prices to the north of the AOC do not appear to be affected. Recovery of

Heterodox Reform Symbioses: The Political Economy of Investment Climate Reforms in Solo, Indonesia

118 million in property value losses could produce approximately

A tale of two cities: the political economy of local investment climate in Solo and Manado, Indonesia

4.7 million/year in new property tax revenues. Considering only the area for which the market study shows price discounts, the survey-based estimates reveal a willingness to pay (WTP) for full cleanup of the AOC of approximately

Ekonomi Perubahan Lingkungan Pariwisata di Tanjungpinang: Aplikasi Model Utilitas Random

250 million (14% of median-based market value). The reasons for discrepancies between the results of the two methods is a matter for further research.