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Data-Driven Estimation of Treatment Buffers in Hedonic Analysis: An Examination of Surface Coal Mines

机译:享乐分析中处理缓冲液的数据驱动估计——以露天煤矿为例

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摘要

In hedonic studies of how environmental disamenities influence house prices, the homes that are treated are typically unknown. We propose a new method for defining treatment buffers and apply our technique to disamenities that have thus far received little attention: surface coal mines. Our leave-one-out cross-validation approach identifies an optimal buffer of 2,300 m in two Appalachian counties at which effects dissipate. Hedonic regressions indicate that treated homes sell for 15.5 less than untreated homes. We supplement these results with nearest-neighbor covariate matching models and recover average treatment effects on the treated of 14.7 price reductions.
机译:在关于环境不宜如何影响房价的享乐研究中,接受治疗的房屋通常是未知的。我们提出了一种定义处理缓冲区的新方法,并将我们的技术应用于迄今为止很少受到关注的不便因素:露天煤矿。我们的“留一”交叉验证方法在两个阿巴拉契亚县确定了 2,300 米的最佳缓冲区,在该缓冲区处效应消散。享乐回归表明,经过处理的房屋的售价比未经处理的房屋低 15.5%。我们用最近邻协变量匹配模型补充了这些结果,并恢复了对14.7%降价治疗的平均处理效果。

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