Full Citation

Title: Spatial Heterogeneity in Hedonic Price Effects for Lake Water Quality

Citation Type: Journal Article

Publication Year: 2023

ISBN:

ISSN: 0023-7639

DOI: 10.3368/le.100.1.102122-0086R

NSFID:

PMCID:

PMID:

Abstract: This study uses Zillow’s ZTRAX property transaction database to investigate variation in hedonic price effects of water clarity on single-family houses throughout the United States. We consider five spatial scales and estimate models using different sample selection criteria and model specifications. Our results indicate considerable spatial heterogeneity both within and across the four U.S. Census regions. However, we also find heterogeneity resulting from different types of investigator decisions, including sample selection and modelling choices. Thus, it is necessary to use practical knowledge to consider the limits of market areas and to investigate the robustness of estimation results to investigator choices.

Url: https://le.uwpress.org/content/early/2023/07/07/le.100.1.102122-0086R.abstract

User Submitted?: No

Authors: Swedberg, Kristen; Cardoso, Diego S.; Castillo-Castillo, Adriana; Mamun, Saleh; Boyle, Kevin J.; Nolte, Christoph; Papenfus, Michael; Polasky, Stephen

Periodical (Full): Land Economics

Issue: 2

Volume: 99

Pages: 1-42

Data Collections: IPUMS NHGIS

Topics: Housing and Segregation, Natural Resource Management

Countries: