[On the Global Climate Action Summit] I think that this summit’s been very useful. It’s a demonstration of activism, it’s a demonstration of will, it’s a demonstration of engagement by all sorts of sub-national players, and I think that’s all been tremendously useful. But, it doesn’t fill the gap of the absence of the United States at a national level. The US federal government can drive action all around the entire country, not just state-by-state.
In their new paper, “Do Gasoline Prices Affect Residential Property Values?,” Adele Morris and Helen R. Neill estimate the effect of gasoline prices on home values and explores the degree to which the relationship varies across a city. Using data from 930,702 home sales in Clark County, Nevada, from 1976 through 2010, they find that gasoline prices have significantly different effects on the sales price of homes in different neighborhoods.