Details

Autor(en) / Beteiligte

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

Titel

Spatial Heterogeneity in Hedonic Price Effects for Lake Water Quality

Ist Teil von

• Land economics, 2024-02, Vol.100 (1), p.89-108

Ort / Verlag

United States

Erscheinungsjahr

2024

Link zum Volltext

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• 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. (JEL Q51).