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This paper examines equilibrium properties of local jurisdictions implied by the Tiebout-style model. A set of equilibrium conditions are derived from a general equilibrium model of local jurisdictions. The conditions are parameterized and empirically estimated in a two-stage procedure. The...
Persistent link: https://www.econbiz.de/10009443166
The size of the protected area is recognized as one of the key attributes for assessing the effectiveness of investing in protected areas. We evaluate the effectiveness of protected areas by examining economies of scale in size and the average cost of acquiring protected areas depending on the...
Persistent link: https://www.econbiz.de/10010881027
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This study estimates the effects of an urban growth boundary (UGB) on land development decisions in Knox County, TN, using a heteroscedastic probit model. With combined efforts of increased land development within the city boundary and decreased development within the UGB and the neighboring...
Persistent link: https://www.econbiz.de/10005320801
This paper examines equilibrium properties of local jurisdictions implied by the Tiebout-style model. A set of equilibrium conditions are derived from a general equilibrium model of local jurisdictions. The conditions are parameterized and empirically estimated in a two-stage procedure. The...
Persistent link: https://www.econbiz.de/10005801110
This research uses a sequence of hedonic housing price regressions to estimate open space amenity values. The iterative approach empirically identifies the range of distance over which open space affects housing values. After controlling for numerous other factors in the spatial hedonic model,...
Persistent link: https://www.econbiz.de/10008922542
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