In this paper, we evaluate the effect of environmental contamination situations on residential property values. Using the meta-analysis technique, conclusions are drawn about the effect of location, type of study conducted, empirical technique used, and economic conditions on various outcomes....

Real estate appraisal practice stresses the three traditional approaches to valuation (cost, sales comparison, and income approaches) to value contaminated properties. This paper discusses the possibility and usefulness of a fourth approach to real estate valuation – the contingent valuation...