We construct a comprehensive, publicly-available meta-dataset based on 36 hedonic 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 price effects at different distances. Focusing on water clarity, we estimate reduced-form meta-regressions that account for within-market dependence, statistical precision, housing market and waterbody heterogeneity, publication bias, and methodological practices. While we find evidence of systematic heterogeneity, the out-of-sample transfer errors are large. We discuss the implications for benefit transfer and future work to improve transfer performance.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC9179230 | PMC |
| http://dx.doi.org/10.3368/le.98.2.050120-0062r1 | DOI Listing |
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