Land Values in a Newly Zoned City

By Daniel P. McMillen, J. F. Mcdonald. Review of Economics and Statistics, 2002

139 citations recorded by the source corpus.

How researchers see this paper

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An Economic History of Zoning and a Cure for its Exclusionary Effects (2004, unknown): “They suggest that “residential land-owners valued the insurance that zoning provides against future intrusions of conflicting commercial land uses” (McMillen and McDonald, 2002, p. 63).”
Issues in Spatial Data Analysis (2010, background): “Early examples of their use in urban economics include McMillen and McDonald (2002) and Reed and Rogers (2003).”
Causal Inference in Urban and Regional Economics (2014, unknown): “McMillen and McDonald (2002) use such an estimator to examine how the type of zoning in Chicago influenced land values immediately after zoning was introduced in 1923.”
Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation (2005, background): “We recognize that the current market price of the asset is also likely to be affected by redeployability and, more specifically, zoning, which, along with the financing environment, may be jointly determined by local market unobservables [Glaeser and Gyourko 2003; McMillen and McDonald 2002].”