Hazardous Waste Hits Hollywood: Superfund and Housing Prices in Los Angeles

This paper contributes to the ongoing debate concerning the effect of various actions taken by the U.S. Environmental Protection Agency (EPA) under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), commonly known as the Superfund Program, on housing prices. This study uses a housing transaction panel dataset encompassing the five major counties of the Los Angeles Combined Statistical Area to estimate the program's influence on the local housing market.

Author(s): Ralph Mastromonaco

Published: January 2011

download: working paper (.pdf) >