Abstract
A Markov Chain model of land use zoning is estimated with data from suburban Chicago for 1961-1981. The land use categories are residential, non-residential, and a mix of the two. Predictions are made of the equilibrium zoning of representative tracts. The Markov Chain model is used to correct for selectivity bias in a residential land value function; significant bias is indicated.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 257-270 |
| Number of pages | 14 |
| Journal | Journal of Urban Economics |
| Volume | 30 |
| Issue number | 2 |
| DOIs | |
| State | Published - Sep 1991 |
| Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics
- Urban Studies