Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287470 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Environmental and Resource Economics [ISSN:] 1573-1502 [Volume:] 78 [Issue:] 3 [Publisher:] Springer Netherlands [Place:] Dordrecht [Year:] 2021 [Pages:] 381-416
Publisher: 
Springer Netherlands, Dordrecht
Abstract: 
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.
Subjects: 
Hedonic price model
Meta-regression analysis
Publication bias
Residential property values
Waste sites
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article
Document Version: 
Published Version

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