@article{THESIS,
      recid = {12283},
      author = {Liang, Yongyin},
      title = {From the Ashes: Urban Reconstruction and Land Values after  the Great Chicago Fire of 1871},
      publisher = {University of Chicago},
      school = {M.A.},
      address = {2024-06},
      number = {THESIS},
      abstract = {Regulations on post-disaster reconstruction determine  cities' long-term land use and building qualities, which  are the durable capital for urban growth. The 1871 Chicago  Fire and its subsequent ordinance limiting building  materials provide exogenous variations in destruction and  constrained reconstructions. I find that land values and  building quality increased for the destroyed plots rebuilt  under the limit ordinance, but not for the areas outside of  the limit zone that also experienced destruction. Land  value appreciation in Chicago's North Side cannot be  attributed to the destruction in the Fire. Regulations on  building materials capitalize on land values by leveraging  individuals' preferences for endogenous amenities. I  develop a model in which residents endogenously sort into  the limit zone only when neighborhood effects exist.},
      url = {http://knowledge.uchicago.edu/record/12283},
      doi = {https://doi.org/10.6082/uchicago.12283},
}