Quasi Experiments, Hedonic Models, and Estimating Trade-offs for Local Amenities
评估了用准实验方法测得的房产价值资本化效应能否可靠估计人们对地方性便利设施变化的支付意愿，并提出用市场模拟作为稳健性检验。两个应用案例（荒漠变湿地、危险废物清理）表明，即使准实验方法有理想工具，其估计一般均衡支付意愿的表现也需结合具体应用来评估。
This paper evaluates whether the property value capitalization effects measured with quasi-experimental methods offer reliable estimates of willingness to pay for changes in amenities. We propose the use of a market simulation as a robustness check. Two applications establish the method’s relevance. The first examines the conversion of land cover from desert to wet landscape. The second examines cleanup of hazardous waste sites. We find that even when quasi-experimental methods have access to ideal instruments, their performance in measuring general equilibrium willingness to pay cannot be assumed ideal. It needs to be evaluated considering the specific features of each application.