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Systematic Variation in Waste Site Effects on Residential Property Values: A Meta-Regression Analysis and Benefit Transfer
Environmental and Resource Economics ( IF 4.955 ) Pub Date : 2021-02-24 , DOI: 10.1007/s10640-021-00536-2
Marvin Schütt

This article presents a meta-analysis based on 727 estimates from 83 hedonic pricing studies to provide new insights on the effects of waste sites on residential property values. Relative to previous meta-analyses on this subject, estimates are corrected for publication bias and the ability of the meta-regression model to produce reliable benefit-transfer estimates is assessed. Proximity to severely contaminated waste sites has a supremely negative impact on residential property values, whereas on average the distance from non-hazardous waste sites has no effect. Correcting for publication bias has a sizeable impact, reducing the average effect size by up to 38%. Benefit-transfer errors based on the meta-regression model are fairly large and, in line with the broader literature, outperform simple value transfer when the underlying data sample is heterogeneous.



中文翻译:

垃圾场对住宅物业价值的系统变化:Meta回归分析和收益转移

本文提出了一项基于83个享乐价格研究的727个估计值的荟萃分析,以提供有关垃圾场对住宅物业价值的影响的新见解。相对于先前关于该主题的荟萃分析,对估计值进行了修正,以消除发表偏倚,并评估了荟萃回归模型产生可靠的收益转移估计值的能力。靠近受严重污染的废料场对住宅财产价值产生极大的负面影响,而平均而言,距无害废料场的距离没有影响。纠正发布偏差会产生很大的影响,将平均效果大小降低多达38%。基于元回归模型的利益转移误差相当大,并且与更广泛的文献相一致,

更新日期:2021-02-24
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