The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models
Abstract
This paper reports the results of a statistical summary of estimates of the marginal willingness to pay (MWTP) for reducing particulate matter from hedonic property value models developed between 1967 and 1988. Results using both ordinary least squares and minimum absolute deviation estimators suggest that market conditions and the procedures used to implement the hedonic models were important to the resulting MWTP estimates. The interquartile range for these estimated marginal values (measured as a change in asset prices) lies between zero and $98.52 (in 1982-84 dollars) for a one-unit reduction in total suspended particulates (in micrograms per cubic meter). The mean MWTP is nearly five times the median ($109.90 vs. $22.40), suggesting that outliers are important influences to any summary statistics for these estimates.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
An analysis of variance test for normality (complete samples)
SHAPIRO, S. S., & WILK, M. B. (1965) · Biometrika · doi:10.1093/biomet/52.3-4.591 · Cited by 23,480
Cited by
Greenstone, M. (2002) · Journal of Political Economy · doi:10.1086/342808 · Cited by 1,122
Measuring the benefits of air quality improvement: a spatial hedonic approach
Won Kim, C., Phipps, T. T., & Anselin, L. (2003) · Journal of Environmental Economics and Management · doi:10.1016/s0095-0696(02)00013-x · Cited by 710
Valuing Air Quality Using the Life Satisfaction Approach
Luechinger, S. (2009) · The Economic Journal · doi:10.1111/j.1468-0297.2008.02241.x · Cited by 505
Assessing evidence of environmental inequities: A meta-analysis
Ringquist, E. J. (2005) · Journal of Policy Analysis and Management · doi:10.1002/pam.20088 · Cited by 331
Metadata
- Authors
- Smith, V. K., & Huang, J.-C.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1995-02
- Volume
- 103
- Issue
- 1
- Pages
- 209-227
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2055891847
- Cited by
- 701
- References
- 1
- FWCI
- 36.84
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models. https://app.cochat.ai/papers/10.1086/261981
- The paper
- Smith, V. K., & Huang, J.-C. (1995). Can Markets Value Air Quality? A Meta-Analysis of Hedonic Property Value Models. Journal of Political Economy. https://doi.org/10.1086/261981
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
