Analysis of the Effects of Large Lot Zoning
- Topics:
- Property Management,
- Tax Incentives
- Tags:
- Analysis,
- Productivity,
- Rural Area,
- Sales,
- Sales Force Management,
- Sales Strategy,
- Study,
- University Of Northern Iowa
- Source:
- University of Northern Iowa
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Overview: This study extends a test for the presence of binding zoning, originally developed to be applied across many adjacent jurisdictions, so that it can be applied within a single jurisdiction. This study also demonstrates how to carry out this test in the presence of spatially correlated OLS residuals by using a mixed effects model whose coefficients are estimated using the maximum likelihood technique. The study examines 20 years of land sales data from a Midwestern county containing two adjacent cities surrounded by rural areas. A 35 acre, minimum lot size in the rural area is found to be binding, while a 9,000 square foot minimum lot size in the cities is found to be not binding.
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Format: PDF | Size: 188KB | Date: Feb 2004 | Pages: 32
