:The hedonic property value model is among our foremost tools for evaluating the economic consequences of policies that target the supply of local public goods, environmental services, and urban amenities. We design a theoretically consistent and empirically realistic Monte Carlo study of whether omitted variables seriously undermine the method's ability to accurately identify economic values. Our results suggest that large gains in accuracy can be realized by moving from the standard linear specifications for the price function to a more flexible framework that uses a combination of spatial fixed effects, quasi-experimental identification, and temporal controls for housing market adjustment.

Are people conservative (liberal) because they are Republicans (Democrats)? Or is it the reverse: people are Republicans (Democrats) because they are conservatives (liberals)? Though much has been said about this long-standing question, it is difficult to test because the concepts are nearly impossible to disentangle in modern America. Ideology and partisanship are highly correlated, only growing more so over time. However, the election of President Trump presents a unique opportunity to disentangle party attachment from ideological commitment. Using a research design that employs actual “conservative” and “liberal” policy statements from President Trump, we find that low-knowledge respondents, strong Republicans, Trump-approving respondents, and self-described conservatives are the most likely to behave like party loyalists by accepting the Trump cue—in either a liberal or conservative direction. These results suggest that there are a large number of party loyalists in the United States, that their claims to being a self-defined conservative are suspect, and that group loyalty is the stronger motivator of opinion than are any ideological principles.

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This article draws on a new dataset of House primary‐ and general‐election outcomes (1956–98) to examine the relationship between primary elections and candidate ideology. We show that, like presidential candidates, congressional candidates face a strategic‐positioning dilemma: should they align themselves with their general‐ or primary‐election constituencies? Relative to general‐election voters, primary voters favor more ideologically extreme candidates. We show that congressional candidates handle the dilemma by positioning themselves closer to the primary electorate. This article thus supports the idea that primaries pull candidates away from median district preferences.

Walmart often faces strong local opposition when trying to build a new store. One common complaint is that Walmart lowers nearby housing prices. In this study we use over one million housing transactions located near 159 Walmarts that opened between 2000 and 2006 to test if the opening of a Walmart lowers housing prices. Using a difference-in-differences specification, our estimates suggest that a new Walmart store actually increases housing prices by between 2 and 3 percent for houses located within 0.5 miles of the store and by 1 to 2 percent for houses located between 0.5 and 1 mile.

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Zhao, and especially V. Kerry Smith. We are grateful to the editor, Holger Sieg, and two anonymous referees for insightful comments on previous drafts. We also thank participants of the 2010 AEA meetings, the 2010 W2133 meetings, and the 2010 Duke conference on housing market dynamics, and seminar participants at

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