Economic Impact of Growth Management Policies Surrounding the Chesapeake Bay
研究了马里兰州关键区域法实施前后六年的房地产数据，发现该法通过保留土地所有者权益和发展机会，实现了保护目标，未导致空地价值下降，住宅价值反而显著增长。
Where land-use controls are advanced for use in environmental protection programs, strong political objections usually arise. To reduce this threat, Maryland's Critical Area Law was structured to provide landowners with equity preserving options and to present jurisdictions with the opportunity for future development. This paper studies the subject real estate markets during a six-year period before and after the law was implemented. The findings show that these objectives were achieved. Vacant land values did not decline; residential values grew significantly.