Some analysts blame the large state discretionary revenue increases of the early 1990's on recessionary declines in revenue and on federally mandated spending increases. Others cite rapid increases in state government spending, particularly on employee compensation, during the 1980's. Test the...

Static and dynamic translog cost models for the aggregate U.S. state and local government sector are estimated for 1952 to 1985. Inputs are capital, labor, and a combined nondurable goods and other services input, which includes "privatized" services. Estimates show that capital and labor are...

Elderly people are likely to have higher housing market search costs than the population as a whole. Costly search increases the price paid by older persons for housing relative to its characteristics, and also increases the range of prices paid. To test this latter hypothesis, hedonic equations...

We analyze sales of tax delinquent properties offered at a single property tax auction. Data on 1,073 parcels offered at the 1987 tax sale in Indianapolis are used. The two-stage Heckman selectivity model is used for the estimation. The results indicate that more valuable, developed, residential...