PT  - JOURNAL ARTICLE
AU  - Swedberg, Kristen
AU  - Cardoso, Diego S.
AU  - Castillo-Castillo, Adriana
AU  - Mamun, Saleh
AU  - Boyle, Kevin J.
AU  - Nolte, Christoph
AU  - Papenfus, Michael
AU  - Polasky, Stephen
TI  - Spatial Heterogeneity in Hedonic Price Effects for Lake Water Quality
AID  - 10.3368/le.100.1.102122-0086R
DP  - 2024 Feb 01
TA  - Land Economics
PG  - 89--108
VI  - 100
IP  - 1
4099  - http://le.uwpress.org/content/100/1/89.short
4100  - http://le.uwpress.org/content/100/1/89.full
AB  - This study uses Zillow’s Transaction and Assessment 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. The results indicate considerable spatial heterogeneity 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 modeling 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.