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On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
Gyourko, Joseph - 2012
In this paper we examine the political economy. of capitalization in a Tiebout model when there is a rent-seeking public bureaucracy. A new approach is suggested for testing for the influence of successful local public sector rent-seeking on local property values. We present empirical evidence...
Persistent link: https://www.econbiz.de/10012755837
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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
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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
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Schools and Location : Tiebout, Alonso, and Government Policy
Hanushek, Eric A. - 2007
An important element in considering school finance policies is that households are not passive. Instead they respond to policies with a combination of modified residential choice and political choice of tax levels. The highly stylized decision models of most existing analyses, however, lead to...
Persistent link: https://www.econbiz.de/10012777390
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Local Public Good Provision : Voting, Peer Effects, and Mobility
Calabrese, Stephen; Epple, Dennis; Romer, Thomas; Sieg, … - 2022
Few empirical strategies have been developed that investigate public provision under majority rule while taking explicit account of the constraints implied by mobility of households. The goal of this paper is to improve our understanding of voting in local communities when neighborhood quality...
Persistent link: https://www.econbiz.de/10014061579
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Existence of Equilibrium and Stratification in Local and Hierarchical Tiebout Economies with Property Taxes and Voting
Nechyba, Thomas J. - 2010
We present the first fully closed general equilibrium model of hierarchical and local public goods economies with the following features: (i) multiple agent types who are endowed with both some amount of private good (income) and a house, who are mobile between houses and jurisdictions, and who...
Persistent link: https://www.econbiz.de/10013141209
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Household Location and Schools in Metropolitan Areas with Heterogeneous Suburbs; Tiebout, Alonso, and Government Policy
Hanushek, Eric A. - 2010
An important element in considering school finance policies is that households are not passive but instead respond to policies. Household behavior is especially important in considering how households affect the spatial structure of metropolitan areas where different jurisdictions incorporate...
Persistent link: https://www.econbiz.de/10013144745
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Local Property and State Income Taxes : The Role of Interjurisdictional Competition and Collusion
Nechyba, Thomas J. - 2022
This paper attempts to address two long standing questions in Public Finance: (i) why is the property tax, despite popular complaints about its fairness, the almost exclusive tax instrument used by local governments, and (ii) why do we consistently observe higher levels of governments undermine...
Persistent link: https://www.econbiz.de/10013323556
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Neighborhood Schools, Choice, and the Distribution of Educational Benefits
Epple, Dennis; Romano, Richard E. - 2021
School districts in the U.S. typically have multiple schools, centralized finance, and student assignment determined by neighborhood of residence. In many states, centralization is extending beyond the district level as states assume an increasing role in the finance of education. At the same...
Persistent link: https://www.econbiz.de/10013311187
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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