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Water Quality and Hedonic Models: A MetaAnalysis of Commodity, Market, and Methodological Characteristics

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  • Matthew T. Heberling
  • Dennis Guignet
  • Michael Papenfus

Abstract

This study quantitatively reviews the hedonic literature examining surface water quality to assess how attributes of the commodity, housing market, and methodological choices affect the significance and expected sign of the estimated property value effects. Using meta analysis, we provide evidence that many of the definitions and decisions, including type of waterbody, water quality categories, and the region of the United States, made in primary studies do affect the estimated relationship between water quality and home prices. Methodological choices appear to have a critical role in determining the estimated relationships. Our findings can inform future hedonic study designs, help identify potential concerns with data and modeling choices, and guide decision-makers when considering what studies to use to inform management and policy decisions. Key Words: Water quality, Meta-analysis, Property value, Water pollution

Suggested Citation

  • Matthew T. Heberling & Dennis Guignet & Michael Papenfus, 2022. "Water Quality and Hedonic Models: A MetaAnalysis of Commodity, Market, and Methodological Characteristics," Working Papers 22-06, Department of Economics, Appalachian State University.
    • Handle: RePEc:apl:wpaper:22-06
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp2206.pdf
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    References listed on IDEAS

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    Keywords

    water quality; meta-analysis; property value; water pollution;
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