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) |
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Pages (from-to) | 257-270 |
Number of pages | 14 |
Journal | Journal of Urban Economics |
Volume | 30 |
Issue number | 2 |
DOIs | |
State | Published - Sep 1991 |
ASJC Scopus subject areas
- Economics and Econometrics
- Urban Studies