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Elderly people are likely to have higher housing market search costs than the population as a whole. Costly search increases the price paid by older persons for housing relative to its characteristics, and also increases the range of prices paid. To test this latter hypothesis, hedonic equations...
Persistent link: https://www.econbiz.de/10010886366
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We analyze sales of tax delinquent properties offered at a single property tax auction. Data on 1,073 parcels offered at the 1987 tax sale in Indianapolis are used. The two-stage Heckman selectivity model is used for the estimation. The results indicate that more valuable, developed, residential...
Persistent link: https://www.econbiz.de/10008537372
A Rotterdam demand framework is used to estimate the demand for five state and local government (SLG) services. A prefere nce independence transformation of these results identifies the under lying voter wants which these services satisfy. The results reflect a shift from physical capital to...
Persistent link: https://www.econbiz.de/10005697434
To maintain an all-volunteer force, military pay levels must be high enough to attract a sufficient quantity and quality of volunteers. Congress's commitment to maintaining such pay levels has been questioned. In this article we test a model of congressional military pay setting for the...
Persistent link: https://www.econbiz.de/10010687043
Static and dynamic translog cost models for the aggregate U.S. state and local government sector are estimated for 1952 to 1985. Inputs are capital, labor, and a combined nondurable goods and other services input, which includes "privatized" services. Estimates show that capital and labor are...
Persistent link: https://www.econbiz.de/10010687220
We investigate the determinants of United States automobile registrations in states in 1986, focusing on state and local taxes and fees, and on auto insurance premiums. Using data on state tax and fee structures and the results of a phone survey of states where automobiles are subject to...
Persistent link: https://www.econbiz.de/10010687376
Many recent state and local expenditure determinant studies have modeled public choice as the result of the constrained maximization of a utility function. This model has been tested using particular utility functions, but rejection of constrained maximization under such a test may imply only...
Persistent link: https://www.econbiz.de/10010687414
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