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Regression and matching in hedonic analysis: Empirical guidance for estimator choice

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  • Moeltner, Klaus
  • Puri, Roshan
  • Johnston, Robert J.

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  • Moeltner, Klaus & Puri, Roshan & Johnston, Robert J., 2023. "Regression and matching in hedonic analysis: Empirical guidance for estimator choice," 2023 Annual Meeting, July 23-25, Washington D.C. 335807, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335807
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    File URL: https://ageconsearch.umn.edu/record/335807/files/26507.pdf
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    References listed on IDEAS

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    1. Kuminoff, Nicolai V. & Parmeter, Christopher F. & Pope, Jaren C., 2010. "Which hedonic models can we trust to recover the marginal willingness to pay for environmental amenities?," Journal of Environmental Economics and Management, Elsevier, vol. 60(3), pages 145-160, November.
    2. Guido W. Imbens & Jeffrey M. Wooldridge, 2009. "Recent Developments in the Econometrics of Program Evaluation," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
    3. Moeltner, Klaus & Blinn, Christine E. & Holmes, Thomas P., 2017. "Forest pests and home values: The importance of accuracy in damage assessment and geocoding of properties," Journal of Forest Economics, Elsevier, vol. 26(C), pages 46-55.
    4. Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015. "The Housing Market Impacts of Shale Gas Development," American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
    5. Austin Troy & Jeff Romm, 2004. "Assessing the price effects of flood hazard disclosure under the California natural hazard disclosure law (AB 1195)," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 47(1), pages 137-162.
    6. Abbott, Joshua K. & Allen Klaiber, H., 2013. "The value of water as an urban club good: A matching approach to community-provided lakes," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 208-224.
    7. Becka Brolinson & Karen Palmer & Margaret Walls, 2023. "Does Energy Star Certification Reduce Energy Use in Commercial Buildings?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(1), pages 55-93.
    8. Ho, Daniel E. & Imai, Kosuke & King, Gary & Stuart, Elizabeth A., 2007. "Matching as Nonparametric Preprocessing for Reducing Model Dependence in Parametric Causal Inference," Political Analysis, Cambridge University Press, vol. 15(3), pages 199-236, July.
    9. JunJie Wu & Jialing Yu & Walid Oueslati, 2023. "Open Space in US Urban Areas: Where Might There Be Too Much or Too Little of a Good Thing?," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(2), pages 315-352.
    10. Bin, Okmyung & Landry, Craig E., 2013. "Changes in implicit flood risk premiums: Empirical evidence from the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 65(3), pages 361-376.
    11. Alberto Abadie & Guido W. Imbens, 2011. "Bias-Corrected Matching Estimators for Average Treatment Effects," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(1), pages 1-11, January.
    12. Dale T. Manning & Amy Ando, 2022. "Ecosystem Services and Land Rental Markets: Producer Costs of Bat Population Crashes," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(6), pages 1235-1277.
    13. Wolf, David & Takeuchi, Kenji, 2022. "Holding back the storm: Dam capitalization in residential and commercial property values," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    14. Mei, Yingdan & Gao, Li & Zhang, Wendong & Yang, Feng-An, 2021. "Do homeowners benefit when coal-fired power plants switch to natural gas? Evidence from Beijing, China," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
    15. Robert J. Johnston & Klaus Moeltner, 2019. "Special Flood Hazard Effects on Coastal and Interior Home Values: One Size Does Not Fit All," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(1), pages 181-210, September.
    16. Okmyung Bin & Jamie Brown Kruse & Craig E. Landry, 2008. "Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 75(1), pages 63-82, March.
    17. Okmyung Biny & Stephen Polasky, 2004. "Effects of Flood Hazards on Property Values: Evidence Before and After Hurricane Floyd," Land Economics, University of Wisconsin Press, vol. 80(4).
    18. James R. Meldrum, 2016. "Floodplain Price Impacts by Property Type in Boulder County, Colorado: Condominiums Versus Standalone Properties," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 725-750, August.
    19. Kousky, Carolyn, 2017. "Financing Flood Losses: A Discussion of the National Flood Insurance Program," RFF Working Paper Series dp-17-03, Resources for the Future.
    20. Alberto Abadie & Guido W. Imbens, 2006. "Large Sample Properties of Matching Estimators for Average Treatment Effects," Econometrica, Econometric Society, vol. 74(1), pages 235-267, January.
    21. Netusil, Noelwah R. & Moeltner, Klaus & Jarrad, Maya, 2019. "Floodplain designation and property sale prices in an urban watershed," Land Use Policy, Elsevier, vol. 88(C).
    22. Alberto Abadie & David Drukker & Jane Leber Herr & Guido W. Imbens, 2004. "Implementing matching estimators for average treatment effects in Stata," Stata Journal, StataCorp LP, vol. 4(3), pages 290-311, September.
    23. Ajita Atreya & Susana Ferreira & Warren Kriesel, 2013. "Forgetting the Flood? An Analysis of the Flood Risk Discount over Time," Land Economics, University of Wisconsin Press, vol. 89(4), pages 577-596.
    24. Okmyung Bin & Thomas W. Crawford & Jamie B. Kruse & Craig E. Landry, 2008. "Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk," Land Economics, University of Wisconsin Press, vol. 84(3), pages 434-448.
    25. Carolyn Kousky, 2010. "Learning from Extreme Events: Risk Perceptions after the Flood," Land Economics, University of Wisconsin Press, vol. 86(3).
    26. Alberto Abadie & Guido W. Imbens, 2002. "Simple and Bias-Corrected Matching Estimators for Average Treatment Effects," NBER Technical Working Papers 0283, National Bureau of Economic Research, Inc.
    27. Guido W. Imbens, 2004. "Nonparametric Estimation of Average Treatment Effects Under Exogeneity: A Review," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 4-29, February.
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    Keywords

    Environmental Economics and Policy; Research Methods/Statistical Methods; Resource/Energy Economics and Policy;
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