Much of the economic analysis of local governments assumes that local policymakers operate in a competitive environment where cities produce a level of local public sector output that can be considered "efficient". Efficiency can be quantifies as the highest value of local property tax base...

Main description: Seizing opportunities, inventing new products, transforming markets--entrepreneurs are an important and well-documented part of the private sector landscape. Do they have counterparts in the public sphere? The authors argue that they do, and test their argument by focusing on...