Abstract
This paper offers an empirical model of land use in an urban fringe area of Chicago, McHenry County, that directly predicts land use. Three land uses are considered: agricultural, residential, and vacant. A multinomial logit model is estimated; the purpose of the model is to determine the probability that a property was in a given use at the time of sale. Explanatory variables include the size of the property, distances from Chicago and nearby smaller towns, and characteristics of the quarter-section in which the property is located. The model does not predict vacant and agricultural land use as accurately as residential, but does outperform a naive, equal-probability model. The model provides some interesting results. -from Author
| Original language | English (US) |
|---|---|
| Pages (from-to) | 138-145 |
| Number of pages | 8 |
| Journal | Land Economics |
| Volume | 65 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1989 |
| Externally published | Yes |
ASJC Scopus subject areas
- Environmental Science (miscellaneous)
- Economics and Econometrics
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