Water transferred from home district in year prior to parcel sale (WTd(t–1)) | −0.0265 (0.0504) | | |
Year t − 1 = drought year (Dt–1 = 1) | 0.510*** (0.127) | | |
(WTd(t–1) × Dt–1) | 0.174* (0.0869) | | |
Water transferred from home district in 2 years prior to parcel sale (WTd(t–2)) | | −0.402** (0.155) | |
Year t − 2 = drought year (Dt–2 = 1) | | 0.457*** (0.106) | |
(WTd(t–2) × Dt–2) | | 0.385** (0.145) | |
Water transferred from home district in 3 years prior to parcel sale (WTd(t–3)) | | | −0.143 (0.103) |
Year t − 3 = drought year (Dt–3 = 1) | | | 0.557*** (0.155) |
(WTd(t–3) × Dt–3) | | | 0.169 |
Depth-to-groundwater in spring in t − 1 (feet below land surface) | −0.00133 (0.00170) | −0.00108 (0.00169) | −0.00143 (0.00172) |
Coefficient of variation in spring depth-to-groundwater in previous 5 years | −0.00142 (0.00356) | −0.000978 (0.00432) | −0.00126 (0.00390) |
Constant | 9.932*** (0.544) | 9.922*** (0.555) | 9.924*** (0.543) |
Parcel controls | x | x | x |
Year | x | x | x |
District controls | x | x | x |
Observations | 4,459 | 4,459 | 4,459 |
Adjusted R-squared | 0.410 | 0.413 | 0.410 |