Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis

Guignet, Dennis; Heberling, Matthew T.; Papenfus, Michael; Griot, Olivia

doi:10.3368/le.98.2.050120-0062r1

Cited by 17 publications

(37 citation statements)

References 70 publications

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“…In our context, we are using the results from a meta‐analysis by Guignet et al. (2022). Guignet et al.…”

Section: Methodsmentioning

confidence: 99%

“…Guignet et al. (2022) estimate a series of meta‐regression models of the form:

{\overset{truê}{ε}}_{d} goodbreak= β_{0} goodbreak+ β_{1} x_{d} goodbreak+ β_{2} z_{d} goodbreak+ e_{d}

where

{\overset{truê}{ε}}_{d}

is estimated as a function of characteristics of the study area and waterbody (

x_{d}

) and methodological variables characterizing the primary study and model assumptions (

z_{d}

). The error term

e_{d}

is assumed to be normally distributed.…”

Section: Methodsmentioning

confidence: 99%

“…The current paper is the first to demonstrate how to use the meta‐analysis results by Guignet et al. (2022) to conduct BT.…”

Section: Introductionmentioning

confidence: 98%

“…In this applied case study, we provide an example and step‐by‐step guide of how practitioners can apply the results of a recent meta‐analysis of studies examining how increases in water clarity impact home values (Guignet et al., 2022). Although the meta‐analysis has already been conducted, the current study focuses on the technical elements for applying the results to policy.…”

Section: Introductionmentioning

confidence: 99%

“…gov/ geo/ pdfs/ maps-data/ maps/ refer ence/ us_ regdiv. pdf, accessed 7 July 2023; see also figure 1 in Guignet et al, 2022).…”

mentioning

confidence: 99%

See 4 more Smart Citations

Using benefit transfer to estimate housing value increases from improved water clarity: A case study of lakes in Kosciusko County, Indiana

Burlingame,

Guignet,

Heberling

et al. 2024

J American Water Resour Assoc

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This study provides step‐by‐step guidance for practitioners and local stakeholders on how to use existing study results to conduct benefit transfer (BT), and ultimately make informed predictions of how improvements in lake water clarity may benefit surrounding communities. The procedures are demonstrated using a publicly available meta‐dataset developed by the United States Environmental Protection Agency, and a subsequent meta‐analysis that synthesizes the literature on how improvements in water clarity impact home values. The BT procedures are demonstrated using a case study of 14 large lakes in Kosciusko County, Indiana. Lake‐specific average increases in home values, as well as the value of the housing stock in aggregate, are calculated for illustrative improvements in lake water clarity. This analysis provides a critical bridge to better connect high‐quality, academic research with real‐world policy analysis, and ultimately serves to better equip local governments and stakeholders to make more informed policy and land use decisions.

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“…In our context, we are using the results from a meta‐analysis by Guignet et al. (2022). Guignet et al.…”

Section: Methodsmentioning

confidence: 99%

“…Guignet et al. (2022) estimate a series of meta‐regression models of the form:

{\overset{truê}{ε}}_{d} goodbreak= β_{0} goodbreak+ β_{1} x_{d} goodbreak+ β_{2} z_{d} goodbreak+ e_{d}

where

{\overset{truê}{ε}}_{d}

is estimated as a function of characteristics of the study area and waterbody (

x_{d}

) and methodological variables characterizing the primary study and model assumptions (

z_{d}

). The error term

e_{d}

is assumed to be normally distributed.…”

Section: Methodsmentioning

confidence: 99%

“…The current paper is the first to demonstrate how to use the meta‐analysis results by Guignet et al. (2022) to conduct BT.…”

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

“…gov/ geo/ pdfs/ maps-data/ maps/ refer ence/ us_ regdiv. pdf, accessed 7 July 2023; see also figure 1 in Guignet et al, 2022).…”

mentioning

confidence: 99%

See 3 more Smart Citations

Using benefit transfer to estimate housing value increases from improved water clarity: A case study of lakes in Kosciusko County, Indiana

Burlingame,

Guignet,

Heberling

et al. 2024

J American Water Resour Assoc

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show abstract

Wind Turbines and Property Values: A Meta-Regression Analysis

Schütt

2023

Environ Resource Econ

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A key concern for property owners about the set up of proximate wind turbines is the potential devaluation of their property. However, there is no consensus in the empirical hedonic literature estimating this price-distance relationship. It remains unclear if the proximity to wind turbines reduces, increases, or has no significant effect on property values. This article addresses this ambiguity, combining 720 estimates from 25 hedonic pricing studies in a first comprehensive meta-analysis on this topic. Using Bayesian model averaging techniques and novel publication bias correction methods, I calculate an average of the reported estimates that is free from misspecification and publication bias. In economic terms, I find an average reduction in property values of $$-0.68\%$$ - 0.68 % for properties 1.89 miles away, which turns to zero beyond 2.8 miles. Next to publication selection, the studies’ ability to control for confounding factors such as pre-existing price differentials and spatial effects explains the variance in reported effect sizes.

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Property values and cyanobacterial algal blooms: Evidence from satellite monitoring of Inland Lakes

Zhang

Phaneuf

Schaeffer

2022

Ecological Economics

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Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis

Cited by 17 publications

References 70 publications

Using benefit transfer to estimate housing value increases from improved water clarity: A case study of lakes in Kosciusko County, Indiana

Using benefit transfer to estimate housing value increases from improved water clarity: A case study of lakes in Kosciusko County, Indiana

Wind Turbines and Property Values: A Meta-Regression Analysis

Property values and cyanobacterial algal blooms: Evidence from satellite monitoring of Inland Lakes

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