This paper examines the intertemporal linkages between local government expenditures and revenues. The main results that emerge from an analysis of fiscal data from 171 municipal governments over the period 1972-80 are that (1) one or two years are sufficient to summarize the relevant dynamic...

Modeling choices that are both discrete and continuous is important in several settings. The purpose of this article is to explore formulation and identification of such models when indirect utility functions are specified nonparametrically. Here we consider general nonseparable disturbances. We...