PT  - JOURNAL ARTICLE
AU  - Dennis Guignet
AU  - Matthew T. Heberling
AU  - Michael Papenfus
AU  - Olivia Griot
TI  - Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis
AID  - 10.3368/le.98.2.050120-0062R1
DP  - 2022 May 01
TA  - Land Economics
PG  - 191--218
VI  - 98
IP  - 2
4099  - http://le.uwpress.org/content/98/2/191.short
4100  - http://le.uwpress.org/content/98/2/191.full
SO  - Land Econ2022 May 01; 98
AB  - 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. Although 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.