This paper presents a model of the land developer's response to the threat of regulatory taking. It shows that the threat of regulation affects development timing and density differently than the regulation imposed with certainty. Planned development proceeds at a more rapid pace under the...

Key differences in local government organizational form lie in separation of powers versus unified powers and elected versus professional chief executive officers (CEOs). This paper studies how these features lead to differences in fiscal illusion and production cost. Evidence from U.S. counties...

This paper offers new evidence on how housing markets capitalize school quality information. We use school assessment measures and house transaction data from a single school district that is coterminous with a unified city-county local government to examine the effects of two school assignment...