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Application of Repeat Sales Analysis to Determine the Impact of a Contamination Event

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  • John Kilpatrick

Abstract

Prior studies of environmental contamination examine the cross-sectional impacts, either through a sales-comparison-type model or hedonic pricing. Neither model is robust at analyzing the impact of an event, such as a contamination announcement. Longer term longitudinal studies may not control for exogenous impacts, such as changes in house quality. This study uses a repeat-sales index to extract value-trend changes immediately after a contamination announcement, thus isolating the impacts of the event itself and controlling for exogenous factors. While the study is focused on contamination, it is generalizable to any systemic event.

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  • John Kilpatrick, 2004. "Application of Repeat Sales Analysis to Determine the Impact of a Contamination Event," Journal of Housing Research, Taylor & Francis Journals, vol. 15(2), pages 129-142, January.
    • Handle: RePEc:taf:rjrhxx:v:15:y:2004:i:2:p:129-142
    DOI: 10.1080/10835547.2004.12091966
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