Postmatching Regression Results
| [3a] ln(n-1) | [3b] ln(nnRH-1) | [5a] log(p) | [5b] log(p) | [5c] log(p) | |
|---|---|---|---|---|---|
| Intercept | 0.232** (0.112) | −0.003 (0.136) | |||
| Hedonic Characteristics | |||||
| Soil quality | 0.009*** (0.001) | 0.011*** (0.001) | 0.013*** (0.001) | 0.013*** (0.001) | 0.013*** (0.001) |
| Lot size2 | 0.002*** (0.000) | 0.002*** (0.000) | 0.001*** (0.000) | 0.001*** (0.000) | 0.001*** (0.000) |
| Share grassland | −0.003*** (0.001) | −0.004*** (0.001) | −0.007*** (0.001) | −0.007*** (0.001) | −0.007*** (0.001) |
| Share other land | −0.017*** (0.003) | −0.019*** (0.003) | −0.010*** (0.002) | −0.010*** (0.002) | −0.010*** (0.002) |
| Participant Class | |||||
| No. participants: 2 | −1.215*** (0.050) | −1.207*** (0.055) | −1.170*** (0.049) | ||
| No. participants: 3 | −1.139*** (0.050) | −1.086*** (0.054) | −1.112*** (0.048) | ||
| No. participants: 4 | −1.125*** (0.052) | −1.074*** (0.057) | −1.113*** (0.049) | ||
| No. participants: 5 | −1.047*** (0.053) | −1.030*** (0.057) | −1.041*** (0.050) | ||
| No. participants: 6–8 | −0.998*** (0.053) | −1.032*** (0.053) | −0.998*** (0.050) | ||
| No. participants: 9+ | −0.970*** (0.056) | −1.021*** (0.057) | −0.968*** (0.054) | ||
| Tenant Support Effects with RFR | |||||
| LGSA | −0.093** (0.041) | −0.338*** (0.043) | −0.164*** (0.017) | ||
| LGSA: no. participants: 2 | −0.159*** (0.045) | ||||
| LGSA: no. participants: 3 | −0.233*** (0.030) | ||||
| LGSA: no. participants: 4 | −0.224*** (0.036) | ||||
| LGSA: no. participants: 5 | −0.173*** (0.036) | ||||
| LGSA: no. participants: 6–8 | −0.092*** (0.029) | ||||
| LGSA: no. participants: 9+ | −0.039 (0.032) | ||||
| LGSA: tenant exercised RFR | −0.168*** (0.018) | ||||
| LGSA: tenant won by own bid | −0.382*** (0.030) | ||||
| LGSA: tenant rejected RFR | −0.056*** (0.019) | ||||
| Weights | Yes | Yes | Yes | Yes | Yes |
| Treated observations | 926 | 929 | 926 | 926 | 926 |
| Control observations | 590 | 590 | 590 | 590 | 590 |
| Pseudo R-squared/R-squared | 0.292 | 0.326 | 0.874 | 0.876 | 0.876 |
| θ | 14.104 (2.214) | 8.143 (1.003) | |||
Note: Heteroskedasticity-consistent standard errors are in parentheses (White 1980). Parameter estimates for county and year dummy variables are reported in Appendix B. For [3a] and [3b], the pseudo R-squared is specified as the squared correlation coefficient between observed and fitted values. RFR, right of first refusal.
↵*p = < 0.1; **p = < 0.05; ***p = < 0.01.