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In addition to neighborhood characteristics, the structural and physical attributes of residential properties introduce significant biases into the assessment of property values and represent an important source of administrative inequity in the property tax. A model is presented which captures...
Persistent link: https://www.econbiz.de/10010687177
This article provides a method of measuring performance in the public sector, specifically performance of school districts. The technique is closely related to the family of Farrell type efficiency measures as well as data envelopment analysis (DEA). It also can be viewed as a generalization of...
Persistent link: https://www.econbiz.de/10011135535
The directional distance function provides a complete characterization of the production technology and, when differentiable, can be used to derive shadow prices for nonmarket outputs. A quadratic functional form and the linear programming least absolute deviations method is used to implement...
Persistent link: https://www.econbiz.de/10011135567