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Title:Environmental liability and redevelopment of old industrial land PDF Logo
Authors:Sigman, Hilary
Issue Date:2006
Series/Report no.:Working papers // Department of Economics, Rutgers, the State University of New Jersey 2006,09
Abstract:Many communities are concerned about the reuse of potentially contaminated land (brownfields) and believe that environmental liability is a hindrance to redevelopment. However, with land price adjustments, liability might not impede the reuse of this land. Existing literature has found price reductions in response to liability, but few studies have looked for an effect on vacancies. This paper studies variations in state liability rules
Subjects:- specifically, strict liability and joint and several liability
JEL:K32
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, Rutgers University

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