Hedonic property values and water quality: A meta-analysis of commodity, market, and methodological choices.

Matthew T Heberling, Dennis Guignet, Michael Papenfus

Abstract readMeta-Analysis

In one paragraph

Synthesis in Journal of environmental management, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

0numbers the graph read from it

0cells of the map it votes in

0citing papers in PubMed

–field-weighted citation impact

1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

0 citing papers in PubMed.

No citing paper in PubMed yet.

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

3 authors.

Matthew T HeberlingUS Environmental Protection Agency, Office of Research and Development, 26 West Martin Luther King Dr. (MS 587), Cincinnati, OH, 45268, USA. Electronic address: Heberling.Matt@epa.gov.

Dennis GuignetAppalachian State University, Department of Economics, 416 Howard Street, ASU Box 32051, Boone, NC, 28608, USA. Electronic address: guignetdb@appstate.edu.

Michael PapenfusUS Environmental Protection Agency, Office of Research and Development, 200 SW 35th Street, Corvallis, OR, 97330, USA. Electronic address: Papenfus.Michael@epa.gov.

Funding

Intramural EPA EPA999999

6 · The paper itself

Abstract

This study quantitatively reviews the hedonic literature examining surface water quality to assess how attributes of the commodity, housing market, and methodological choices lead to variation in the significance and expected sign of the estimated property value effects (i.e., elasticities). We conduct a meta-analysis of 29 studies with 290 unique estimates, published or released between 1985 and 2017, and find evidence based on probit meta-regression models that some of the definitions and decisions made in primary studies do influence the estimated relationship between water quality and home prices. Our most robust evidence suggests that methodological choices (e.g., accounting for spatial dependence, or if the water quality measure was based on something other than in situ measurement) have a critical role in determining the likelihood of finding a significant and theoretically expected result; and perhaps most importantly, it is not always selections that reflect best practices that lead to this finding. This study can help identify potential concerns with data and modeling choices in the collective hedonic literature focused on water quality.

Indexed as

HousingWater QualitySpatial AnalysisHedonic modelMeta-analysisProperty valueWater pollutionWater quality

Identifiers

PMID38184876

DOI10.1016/j.jenvman.2023.119829

PMCPMC10929609

What OpenQuestion holds

Textmetadata

Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.