Show simple item record

dc.contributor.authorBoskovic, Branko
dc.contributor.authorNøstbakken, Linda
dc.date.accessioned2016-05-23T10:14:46Z
dc.date.available2016-05-23T10:14:46Z
dc.date.issued2016-05-23
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/2390012
dc.description.abstractLand 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 where this may arise. We develop an approach to quantify anticipation by separately identifying the causal effect of local policy and the market's subjective beliefs that administrative boundaries will change. Using land prices and changes to land use regulation boundaries, our estimates indicate that anticipation does matter quantitatively: it increases the welfare cost of the policy by one-quarter and empirical analysis that omits anticipation underestimates this cost by nearly one-half.nb_NO
dc.language.isoengnb_NO
dc.relation.ispartofseriesSAM;9/2016
dc.subjectRegulation, anticipation, land values, zoning, oil leases, endangered species.nb_NO
dc.titleHow much does anticipation matter? Evidence from anticipated regulation and land prices.nb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210nb_NO
dc.source.pagenumber38nb_NO


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record