Use of Contingent Valuation Analysis in a Developing Country: Market Perceptions of Contamination on Johannesburg’s Mine Dumps

International Real Estate Review

Volumn 11, Issue 2, 2008, Pages 75-104

  Simons, Robert A ^a   Saginor, Jesse ^b   Karam, Aly H ^c   Baloyi, Hlengani ^c  

^a CLEVELAND STATE UNIVERSITY   (United States)

^b TEXAS A AND M UNIVERSITY   (United States)

^c UNIVERSITY OF THE WITWATERSRAND   (South Africa)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84865639404     PISSN: 21548919     EISSN: None     Source Type: Journal    
DOI: 10.53383/100098     Document Type: Article

References (25)

1. Beavon, K. (2004). The making and shaping of the city, Pretoria: University of South Africa Press.
2. Boraine, A., Crankshaw, O., Engelbrecht, C., Gotz, G., Mbanga, S., Narsoo, M., and S. Parnell (2006). The state of South African cities a decade after democracy, Urban Studies, 43, 2, 259 – 284.
3. Carson, R. (2000). Contingent valuation: A user’s guide, Environmental Science and Technology, 34, 1413–18.
4. Chalmers, J. and S. Roehr (1993). Issues in the valuation of contaminated property, The Appraisal Journal, 61, 1, 28–41.
5. Clinch, J. and A. Murphy (2001). Modeling winners and losers in contingent valuation of public goods: Appropriate welfare measures and econometric analysis, The Economic Journal, 111, 420–43.
6. Jackson, T. (2003). The contributions of William N. Kinnard, Jr., in Essays in Honor of William.
7. Jaffe, A. and C. Sirmans (1995). Fundamentals of Real Estate Investment (2nd edition). South-Western Educational.
8. Kinnard, W. N., Jr., Mitchell, P. S., Beron, G. L., and James R.Webb (1991). Market reactions to an announced release of radioactive materials: The impact on assessable value, Property Tax Journal, 10, 3, 283-297.
9. Kreswki, D., Lubin, J., Zielinski, J., Alavanja, M., Catalan, V., Field, R., Klotz, J., Letourneau, E., Lynch, C., Lyon, J., Sandler, D., Schoenberg, J., Steck, D., Stolwijk, J., Weinberg, C., and H. Wilcox (2005). Residential radon and risk of lung cancer: A combined analysis of 7 North American case-control studies. Epidemiology. 16, 2.
10. Jenkins-Smith, H., Silva, C., Berrens, R., and A. Bohara (2002). Information disclosure requirements and the effect of soil contamination on property values, Journal of Environmental Planning and Management, 45, 3, 323–39.
11. Mathews, K. and W. Desvousges (2002). The truth, the partial truth and anything but the truth: Survey reliability and property valuation, working paper by Triangle Economic Research Co. Presented at the Symposium on Environmental and Property Damages: Standards, Due Diligence, Valuation and Strategy, Toronto Canada.
12. Mundy, B. and D. McLean (1998). Using the contingent value approach for natural resource and environmental damage applications, The Appraisal Journal, 66, 290– 297.
13. McLean, D. and B. Mundy (1998). Adding contingent valuation and conjoint analysis to the required body of knowledge for the estimation of environmental damages to real property, Journal of Real Estate Practice and Education, 1, 1, 1–19.
14. McClelland, G., Schultze, W., and B. Hurd (1990).The effect of risk beliefs on property values: A case study of a hazardous waste site, Risk Analysis, 10, 4, 485–97.
15. Morris, P. (1998). Study of former township property market dynamics, volume one: Narrative report, prepared for: Mortgage Indemnity Fund, National Housing Financial Corporation: Abt Associates, Inc.
16. Norusis, M. (2005). SPSS 14.0 Advanced statistical procedures companion, Upper Saddle River, NJ: Prentice Hall, Inc.
17. Portney, P. (1994).The contingent valuation debate: Why economists should care, Journal of Economic Perspectives, 8, 3–17.
18. Rowe, R., d’Arge, R., and D. Brookshire (1980). An experiment on the economic value of visibility, Journal of Environmental Economics and Management, 8, 1–19.
19. Sihlongonyane, M. and A. Karam (2004). The impact of the national housing capital subsidy scheme on the apartheid city: The case of Johannesburg. In: The proceedings of the national planning history conference, Bloemfontein, South Africa.
20. Simons, R. (2002). Estimating proximate property damage from PCB contamination in a rural market: A multiple techniques approach, The Appraisal Journal, 70, 4, 388–400.
21. Simons, R. and J. Saginor (2006). A meta analysis of the effect of environmental contamination and positive amenities on residential real estate values. Journal of Real Estate Research, 2006, 28, 1, 71-104.
22. Simons R. and R. Throupe (2005). Toxic mold issues and effects on property values: A preliminary evaluation, The Appraisal Journal, 73, 2, 73-156.
23. Simons, R. and K. Winson-Geideman (2005). Determining market perceptions on contamination of residential property buyers using contingent valuation surveys, Journal of Estate Research, 27, 2, 193-220.
24. Smolen, G., Moore, G., and L. Conway (1992). Economic effects of hazardous chemical and proposed radioactive waste landfills on surrounding real estate values, Journal of Real Estate Research, 7, 3, 283-296
25. World Health Organization, (2005). Radon and Cancer. www.who.int/medacentre/factsheets/fs291/en/, last accessed in May 2007.