External validity of hedonic price estimates: Heterogeneity in the price discount associated with having Black and Hispanic neighbors
研究了180个美国住房市场中邻里种族构成对房价的影响，发现黑人比例上升带来的价格折扣在土地供给弹性低、土地价值占比高及美国南部地区更大，而西班牙裔比例的影响则无此规律。
Abstract We examined the hedonic price of neighborhood racial composition across a sample of 180 US housing markets and compared heterogeneity in results. Statistically significant estimated price elasticities calculated at the mean ranged from −0.61 to 0.2 and −0.26 to 0.21, for increases in Black and Hispanic neighborhood proportion, respectively. Hedonic price discounts for Black neighborhoods were greater when land supply was more inelastic, when the land value share of the housing cost was greater, and in the southern portion of the United States. Hedonic price discounts associated with Hispanic neighborhoods exhibited no patterns relative to geography or housing supply factors.