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Effects of the Accident at Three Mile Island on Residential Property Values and Sales

Published online by Cambridge University Press:  10 May 2017

Hays B. Gamble  and
Roger H. Downing
Hays B. Gamble
Affiliation:
Institute for Research on Land and Water Resources, The Pennsylvania State University
Roger H. Downing
Affiliation:
Institute for Research on Land and Water Resources, The Pennsylvania State University
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Abstract

An analysis of all valid single family house sales over a four-year period before the March, 1979, TMI accident and over the 9 months following the accident, and within a 25-mile radius of the plant and in two control areas, disclosed no evidence that the accident had measurable lasting effects on residential property values. Shortly following the accident there was a sharp decline in the volume of residential sales within 10 miles of the plant, but the real estate market returned to normal within a month, considering the financial market conditions at that time.

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Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 10 , Issue 2 , October 1981 , pp. 101 - 110
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

This research was supported by a grant from the Nuclear Regulatory Commission.

References

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