The Effects of Environmental Liability on Industrial Real Estate Development

THE JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, Vol 12 No 1

Posted: 8 Jul 1998

See all articles by James Boyd

James Boyd

Resources for the Future

Winston Harrington

Resources for the Future

Molly K. Macauley

Resources for the Future

Abstract

The paper explores the effects of current liability law on real estate transactions involving properties with potential environmental contamination. Sources of uncertainty and their likely impact on transactions are identified. Liability-driven market distortions are likely to be due less to legal uncertainty than to problems arising from asymmetric information and imperfect detection.

JEL Classification: R0, K13, Q20

Suggested Citation

Boyd, James William and Harrington, Winston and Macauley, Molly K., The Effects of Environmental Liability on Industrial Real Estate Development. THE JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, Vol 12 No 1, Available at SSRN: https://ssrn.com/abstract=9019

James William Boyd (Contact Author)

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Winston Harrington

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States
(202) 328-5112 (Phone)
(202) 939-3460 (Fax)

Molly K. Macauley

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States

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