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. 2016 Jul 3;60:139–154. doi: 10.1016/j.regsciurbeco.2016.06.008

Table 10.

Estimated effects on land auction prices.

(1)
IApr. 2011 × Itreatment −0.195**
(0.095)
IMay to Aug. 2011 × Itreatment −0.001
(0.057)
ISep. to Dec. 2011 × Itreatment 0.028
(0.065)
Control Variables Yes
N 19,345
Adj. R2 0.697

Note: Using Eq. (2) as the regression model, this table shows the time-varying treatment effects of FNA on land prices within different periods. In particular, we restrict the regression sample to land parcels sold via public auctions, including English auctions, two-stage auctions, and sealed bids. The pre-treatment period in the DID estimations is from July 2010 to February 2011. These regressions use land parcels in 0–40 km to the nearest nuclear power plant as treatment group and land parcels in the 100–140 km distance band as control group. The core variables are products of a time dummy It and a treatment indicator Itreatment, the coefficients of them represent the treatment effect estimates of different periods. Control variables include land characteristics defined in Table 1, city-distance band fixed effects, and year-months fixed effects. Robust standard errors clustered at group-level (city-distance band combinations) are in parentheses.

**

Significant at the 5 percent level.