The current study first examines the relationship between school district consolidation and student proficiency test scores, then links this result to the ensuing change in house prices. Doubling school enrollment is associated with a 1% drop in student proficiency test passage rates. This drop...

When two internally homogeneous communities decide to jointly provide a public service, residents of each community lose some control over the public service provision. The loss of control over public schooling provision contributes to a $2929 or 3.5 percent drop in constant-quality house value....

Deeds spell out the legal guarantees the seller makes about a house. Using a house price hedonic with a Bayesian spatial error model, we find deed types dramatically affect a house's sale price. Ten deed types command a discount and one commands a premium relative to warranty deeds. The 27%...

Recent literature suggests identifying house price hedonic regressions by using instrumental variables, spatial statistics, the borders approach, panel data, and other techniques. We present an empirical application of a mixed index model, first proposed by Bowden [Bowden, R.J., 1992....

Despite its importance as a public good, little research studies how fire protection services affect housing markets or other economic outcomes. We focus on fire levies that are up for renewal so that the timing of the levy is exogenous, to help preserve the independence of votes. We use...

Recent literature suggests identifying house price hedonic models by using instrumental variables, spatial statistics, the borders approach, panel data, and other techniques. We introduce a mixed index model to identify house price hedonic regressions. We compare the performance of the mixed...