Property values, water quality, and benefit transfer: A nationwide meta-analysis
Olivia Griot and
No 20-04, Working Papers from Department of Economics, Appalachian State University
We conduct a comprehensive meta-analysis of 36 studies that examine the effects of water quality on housing values in the United States. The meta-dataset includes 656 unique estimates, and entails a cluster structure that accounts for property price effects at different distances from a waterbody. Focusing on water clarity, we estimate meta-regressions that account for within-cluster dependence, statistical precision, housing market and waterbody heterogeneity, publication bias, and best methodological practices. While we find evidence of systematic heterogeneity, the median out-of-sample transfer errors are relatively large. We discuss the implications for benefit transfer and identify future work to improve transfer performance. Key Words:
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Journal Article: Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:apl:wpaper:20-04
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