An Econometric Analysis of Land Development with Endogenous Zoning
比较三种纠正选择偏差的计量方法，发现未纠正偏差会导致错误估计，而纠正后分区对土地细分决策无显著影响。
Zoning is a widely used tool to manage residential growth. Estimating the effect of zoning on development, however, is difficult because zoning can be endogenous in models of land conversion. We compare three econometric methods that account for selection bias in a model of land conversion: a jointly estimated probit-logit model, propensity score matching, and regression discontinuity. Our results suggest that not accounting for selection bias leads to erroneous estimates. After correcting for selection bias we find that zoning has no effect on a landowner’s decision to subdivide in a rural Wisconsin county. <i></i>