Browsing Discussion papers (SAM) by Subject "Regulation, anticipation, land values, zoning, oil leases, endangered species."
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How much does anticipation matter? Evidence from anticipated regulation and land prices.
(SAM;9/2016, Working paper, 2016-05-23)Land prices across administrative boundaries can be useful for estimating the causal effects of local policy. Market anticipation about potential boundary changes can confound identification, so studies often avoid markets ...