Did Proposition 2 1/2 affect local public education in Massachusetts? Using a panel data set on school district budgets (1972–1992), the authors find the following. School districts constrained by Proposition 2 1/2 have significantly less own-source revenue. However, constrained districts...

Did Proposition 2 1/2 affect local public education in Massachusetts? Using a panel data set on school district budgets (1972--1992), the authors find the following. School districts constrained by Proposition 2 1/2 have significantly less own-source revenue. However, constrained districts...

We try to show that the use of alternating decision making in an infinitely repeated prisoners' dilemma type game may enable sophisticated players to achieve perpetual cooperation starting from any initial position and without any prior communication, and that the ability of players to do so...

We try to show that the use of alternating decision making in an infinitely repeated prisoners' dilemma type game may enable sophisticated players to achieve perpetual cooperation starting from any initial position and without any prior communication, and that the ability of players to do so...

The property tax revolt of the 1970's and 1980's saw many "new" restrictions placed on local government budgets. Most of these restrictions took the form of local tax and expenditure limitations (TELs) which focused on property taxes. The purpose of this study is to examine whether or not local...