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Evaluating Durable Public Good Provision Using Housing Prices

Coate, Stephen - 2015

Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency of local durable public good provision. This paper investigates the theoretical foundations for this technique. In the context of a novel theoretical model developed to study...

Persistent link: https://www.econbiz.de/10013036008

Net Worth and Housing Equity in Retirement

Sinai, Todd M. - 2012

This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...

Persistent link: https://www.econbiz.de/10012755273

The Geography of Linguistic Diversity and the Provision of Public Goods

Desmet, Klaus - 2018

experimental micro-evidence in favor of contact theory …

Persistent link: https://www.econbiz.de/10012916911

The Tiebout Hypothesis and Majority Rule : an Empirical Analysis

Epple, Dennis N.; Romer, Thomas; Sieg, Holger - 2021

The paper provides a comprehensive empirical analysis of majority rule and Tiebout sorting within a system of local jurisdictions. The idea behind the estimation procedure is to investigate whether observed levels of public expenditures satisfy necessary conditions implied by majority rule in a...

Persistent link: https://www.econbiz.de/10013218313

Is There an Equity-Efficiency Trade-Off in School Finance? Tiebout and a Theory of the Local Public Goods Producer

Hoxby, Caroline M. - 2021

private providers of local public goods matters. This evidence needs a theory of the local public goods producer. Tiebout …'s hypothesis spawned a literature that gives local public economics a useful theory of the consumer which can generate a theory of … local public finance. This paper builds a theory of the producer that draws upon Tiebout's mechanism and the theory of …

Persistent link: https://www.econbiz.de/10013226984

The Productivity of Schools and Other Local Public Goods Providers

Hoxby, Caroline M. - 2021

I construct an agency model of local public goods producers with special reference to public schools. The model assumes that households make Tiebout choices among jurisdictions, but it has more realistic assumptions about information and the cost of residential mobility. I examine producers'...

Persistent link: https://www.econbiz.de/10013227037

Expenditure Competition

Gordon, Roger H.; Wilson, John D. - 2021

Given the temptation on government officials to use some of their budget for 'perks,' residents face the problem of inducing officials to reduce such 'waste.' The threat to vote out of office officials who perform poorly is one possible response. In this paper, we explore the effect that...

Persistent link: https://www.econbiz.de/10013227493

Centralized Versus Decentralized Provision of Local Public Goods : a Political Economy Analysis

Besley, Timothy; Coate, Stephen - 2021

This paper takes a fresh look at the trade-off between centralized and decentralized provision of local public goods. The point of departure is to model a centralized system as one in which public spending is financed by general taxation, but districts can receive different levels of local...

Persistent link: https://www.econbiz.de/10013228723

Using Market Valuation to Assess Public School Spending

Barrow, Lisa; Rouse, Cecilia Elena - 2021

In this paper we use a 'market-based' approach to examine whether increased school expenditures are valued by potential residents and whether the current level of public school provision is inefficient. We do so by employing an instrumental variables strategy to estimate the effect of state...

Persistent link: https://www.econbiz.de/10013236678

Demographic Characteristics and the Public Bundle

Cutler, David M.; Elmendorf, Douglas W.; Zeckhauser, Richard - 2021

This paper explores the relationship between the demographic characteristics of a community and the quantities of goods and services provided by its government We consider three models of public spending: a traditional "selfish" public choice model in which individuals care only about...

Persistent link: https://www.econbiz.de/10013239941