A Markov Chain model of zoning change

Daniel P McMillen, John F. McDonald

Research output: Contribution to journalArticlepeer-review


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 languageEnglish (US)
Pages (from-to)257-270
Number of pages14
JournalJournal of Urban Economics
Issue number2
StatePublished - Sep 1991

ASJC Scopus subject areas

  • Economics and Econometrics
  • Urban Studies


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