This paper investigates the impact of municipal formation, and subsequent change in land-use restrictions on existing deed-restricted subdivisions (DRSs) using a unique case in the suburbs of Saint Louis County: the city of Wildwood incorporated in 1995 even though a majority of houses were...

This paper examines a Massachusetts policy that encourages communities to raise money through referenda for preservation and affordable housing. I use difference-indifferences, fixed effects, and quantile regression to compare home prices before and after such referenda in two towns. I include...

Zoning is a widely used tool to manage residential growth. Estimating the effect of zoning on development, however, is difficult because zoning can be endogenous in models of land conversion. We compare three econometric methods that account for selection bias in a model of land conversion: a...

This study examines the impacts of spatial fragmentation and land use diversity on single-family residential real estate values. Through hedonic price analysis, we estimate the implicit price effects of spatial fragmentation and neighborhood land use diversity in the city of Milwaukee,...

This paper presents an empirical analysis of major drivers of land use change in China from 1988 to 2005. We compile a geographic information system database and develop a new method to estimate an econometric land use model that explicitly takes into account the spatial interactions between...

Existing studies of the relationship between housing price dynamics and housing supply—which have relied upon questionable proxies for supply elasticity—have yielded highly mixed results. In this paper we provide new evidence on this relationship based on actual estimates of the price...

Does growth management result in lower marginal land consumption rates? The literature offers inconclusive and inconsistent results. This paper uses new data covering all U.S. metropolitan areas and multiple time periods to estimate panel models of effects of growth management on the spatial...

This paper uses a computable general equilibrium model with integrated commercial and residential land data to estimate the impact of urban growth, both in sector origin and growth mechanism, on urban spatial expansion, measured by density (population, employment, and commercial), residential...

Views of natural areas and green space may have value quite apart from access to those lands. Using 25 years of home sales data from St. Louis County, Missouri, and modern geographic information system tools to measure views, we estimate a hedonic property fixed-effects model that captures the...

This study presents an empirical model of the impacts of agricultural and urban returns on farmland value. The model allows the marginal impacts of parcel characteristics to vary nonlinearly over space with an endogenous smooth transition between urban fringe and rural areas. The estimation...