The Impact of Surface Coal Mining on Residential Property Values: A Hedonic Price Analysis
Author:
Austin Merrell Williams; University of Tennessee, Knoxville
Date Published:
05/2011
Description:
The use of certain surface mining techniques is currently a heavily-debated environmental issue and one where consideration of non-market values is likely to lead to the creation of better public policy. This study uses the hedonic pricing method to investigate the impact that surface coal mines have on residential property values. The results of our statistical analysis show that as the number of surface mines and their average production increases, the
median value of housing units in a county significantly decreases. In particular, for the three
model specifications we explored, we estimate that the addition of a surface mine decreases the median property value between $7,526,981.84 and $14,779,928.35.
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