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Land preservation policy effect or neighborhood dynamics: A repeat sales hedonic matching approach

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  • Fernandez, Linda
  • Cutter, Bowman
  • Sharma, Ritu
  • Scott, Tom

Abstract

We offer an improvement on the traditional hedonic property value estimation by using a repeat sales matching estimator applied to a policy context where the distance to nearest permanently protected preserves changes over time. We use several strategies to control for unobserved heterogeneity with data from multiple transactions on the same residential parcels from Western Riverside County in Southern California. We have developed data on the conversion to permanent preserves over a 16-year period. We present an empirical strategy to differentiate geographically broad treatment effects from neighborhood unobservables using Coarsened Exact Matching.

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  • Fernandez, Linda & Cutter, Bowman & Sharma, Ritu & Scott, Tom, 2018. "Land preservation policy effect or neighborhood dynamics: A repeat sales hedonic matching approach," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 311-326.
    • Handle: RePEc:eee:jeeman:v:88:y:2018:i:c:p:311-326
    DOI: 10.1016/j.jeem.2018.01.001
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    Cited by:

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    3. Stromberg, Per M. & Öhrner, Erik & Brockwell, Erik & Liu, Zhaoyang, 2021. "Valuing urban green amenities with an inequality lens," Ecological Economics, Elsevier, vol. 186(C).

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