Red-legged Frog, Main Regression Results: All-Counties Sample
| Dependent Variable: Log(Price per acre) | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
|---|---|---|---|---|---|---|---|
| Lot size | –0.0362*** (0.0039) | –0.0341*** (0.0038) | –0.0324*** (0.0035) | –0.0324*** (0.0034) | –0.0140*** (0.002) | –0.0293*** (0.0036) | –0.0225*** (0.003) |
| Rainfall | –0.2165*** (0.0099) | –0.2283*** (0.0081) | –0.2279*** (0.0213) | –0.2296*** (0.0207) | –0.0961*** (0.017) | –0.1802*** (0.0267) | –0.1055*** (0.025) |
| Temperature | –0.2008*** (0.0162) | –0.2134*** (0.0165) | –0.2593*** (0.0193) | –0.2616*** (0.0189) | –0.0642*** (0.020) | –0.2495*** (0.0216) | –0.0464* (0.028) |
| Distance to highway | –0.2401*** (0.0287) | –0.2371*** (0.0262) | –0.0131 (0.0329) | –0.0237 (0.0303) | –0.2682*** (0.030) | –0.0084 (0.0390) | –0.2926*** (0.042) |
| Distance to city | –0.0450*** (0.0064) | –0.0418*** (0.0056) | –0.1018*** (0.0106) | –0.0976*** (0.0100) | 0.0292 (0.020) | –0.0849*** (0.0159) | –0.0976*** (0.026) |
| Post2001 | 0.6544*** (0.0681) | 0.7254*** (0.0587) | –0.0168 (0.3877) | 0.8417* (0.466) | 0.3097 (0.4158) | –0.9165 (0.785) | |
| RLF2001 | –0.7432*** (0.1192) | –0.7781*** (0.1218) | –0.8270*** (0.1142) | –0.1507 (0.120) | –0.8906*** (0.1518) | 0.0255 (0.159) | |
| Post2001 × RLF2001 | 0.2456 (0.1584) | 0.1624 (0.1531) | 0.2191 (0.1432) | –0.1748 (0.158) | 0.2593 (0.1699) | –0.2177 (0.216) | |
| Post2006 | 0.5466*** (0.0846) | 0.5126*** (0.0715) | –0.3367 (0.4219) | 0.1985 (0.418) | 0.2515 (0.6749) | –0.3687 (0.815) | |
| RLF2006 | 0.2377* (0.1409) | 0.8904*** (0.1555) | 0.8505*** (0.1482) | 0.1422 (0.188) | 0.9935*** (0.1661) | –0.0794 (0.296) | |
| Post2006 × RLF2006 | –0.7480*** (0.2839) | –0.7858*** (0.2511) | –0.6559** (0.2974) | 0.0647 (0.305) | –0.6938*** (0.2517) | –0.0611 (0.410) | |
| N | 5,987 | 5,987 | 5,987 | 5,987 | 3,469 | 3,146 | 1,714 |
| Type of land | Residential | Residential | Residential | Residential | Nonresidential | Residential | Nonresidential zip 3 |
| Fixed effects | No | No | Yes | Yes | Yes | Yes | Yes |
| Month-year fixed effects | No | No | No | Yes | Yes | Yes | Yes |
| Land use fixed effects | No | No | No | No | Yes | Yes | Yes |
Note: This table displays the ordinary least squares estimates for the effect of critical habitat designation on land values in all treated counties (protecting California’s red-legged frog). Columns (1) and (2) include an intercept. Columns (6) and (7) focus on the set of parcels sold multiple times during the sample period. We cluster errors by county, quarter, and year.
↵* Significant at 10%;
↵** significant at 5%;
↵*** significant at 1%.